Manager - Motor Claims Interview Questions and Answers

Perils of Motor policy, exclusions, and Aptitude test and Reinsurance related

• Perils of Motor policy refer to the risks covered by the policy, such as accidents, theft, fire, etc.

• Exclusions are situations or events not covered by the policy, like intentional damage or racing.

• Aptitude tests may assess problem-solving, analytical, and decision-making skills for the managerial role.

• Reinsurance is a process where an insurance company transfers a portion of its risk to another insu...read more

Airbags deploy when sensors detect a collision, causing a rapid inflation of the airbag to cushion the impact for the occupants.

• Airbags deploy when sensors detect a collision

• Rapid inflation of the airbag occurs to cushion the impact

• Airbags help reduce the risk of injury to occupants

Motor insurance is a type of insurance policy that provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

• Provides financial protection against physical damage or bodily injury resulting from traffic collisions

• Covers liability that could arise from incidents in a vehicle

• Can include coverage for theft, vandalism, and natural disasters

• Required by law in most...read more

Insurance is a financial arrangement that provides protection against potential future losses or damages.

• Risk Pooling: Many individuals pay premiums to create a pool of funds for covering claims.

• Premiums: Customers pay regular amounts (premiums) to maintain their coverage.

• Claims: When a loss occurs, policyholders file claims to receive compensation.

• Deductibles: Policyholders often pay a portion of the loss (deductible) before insurance kicks in.

• Example: If a car is damaged in...read more