Senior Risk Analyst Interview Questions and Answers

Loss on a building can be calculated by considering factors such as property value, depreciation, and insurance coverage.

• Calculate the current market value of the building

• Consider any depreciation in value due to age or wear and tear

• Factor in any insurance coverage or deductibles that may apply

• Calculate the total loss by subtracting the remaining value from the original value

• Loss = Original Value - Current Value

Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.

• Insurance is a contract between the insurer (insurance company) and the insured (policyholder).

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

• Types of insurance include health, life, auto, home, and property insurance.

• Insurance helps individuals and businesses manage risk by transferring it to the insurer.

• Insurance c...read more

DLM profile settings allow for different output profiles.

• DLM (Data Lifecycle Management) profile settings determine how data is managed and stored

• Different output profiles can be set based on specific criteria such as data type, age, or usage

• Examples of output profiles include archiving, deletion, or replication

AXA XL is a division of AXA Group that offers property, casualty, and specialty insurance and reinsurance products.

• AXA XL was formed in 2018 through the merger of XL Group Ltd and AXA's property and casualty business.

• It provides insurance and reinsurance coverage for a wide range of industries including construction, marine, and aviation.

• AXA XL operates globally with offices in North America, Europe, Asia-Pacific, and Latin America.

The 4 modules of cat modeling are hazard module, vulnerability module, financial module, and loss module.

• Hazard module: assesses the likelihood and severity of natural disasters such as hurricanes, earthquakes, and floods

• Vulnerability module: evaluates the susceptibility of assets to damage or loss during a catastrophe

• Financial module: calculates the potential financial impact of a catastrophe on an organization or portfolio

• Loss module: estimates the actual losses incurred ba...read more