Insurance 면접 질문과 답변
Ques 16. Explain the concept of moral hazard in insurance.
Moral hazard refers to the increased likelihood of risky behavior by a policyholder when they are insured against the risk.
Example:
For instance, someone with theft insurance might be less vigilant about securing their property, leading to an increased risk of theft.
Ques 17. What is a captive insurance company, and why might a business choose this structure?
A captive insurance company is an insurer established by a business to provide coverage primarily for its risks. It can offer more control and potential cost savings.
Example:
Large corporations might create a captive insurance company to better manage and finance their unique risks.
Ques 18. How does the insurance industry contribute to risk management for businesses?
Insurance helps businesses transfer and manage risks by providing financial protection against potential losses.
Example:
A manufacturing company may purchase product liability insurance to mitigate the financial impact of lawsuits arising from defective products.
Ques 19. What are the key components of an insurance policy declaration page?
The declaration page summarizes important details of an insurance policy, including coverage limits, deductibles, premium amounts, and key policyholder information.
Example:
Policyholders often refer to the declaration page to quickly review the terms and conditions of their insurance coverage.
Ques 20. Explain the concept of excess and surplus lines insurance.
Excess and surplus lines insurance provides coverage for risks that are too high or unique for standard insurance companies to underwrite.
Example:
For instance, a property in a high-risk flood zone might require excess and surplus lines coverage because it is not readily insurable through traditional channels.
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