Answer the following questions which are related to Hiring Projects 1. Describe the process you would implement
Question:
Answer the following questions which are related to “Hiring Projects”
1. Describe the process you would implement in order to receive report requests from customer that minimizes waste (back-and-forth communication, etc).
2. Describe the most effective strategy for doing quality checks on the reports before they are provided to the client review.
3. A client has submitted a request for a new custom report. Below are the report requirements provided via a customer advocate?
● new business premium written
● Include policy number, product line, state, coverage detail premium, and coverage level policy limits
● Monthly deliverable
A. Provide a write up of a feature/user story for this request
B. List out any questions you would have for the client, customer advocate and/or product owner.
4. A policy is quoted on 12/15/2018, issued on 12/20/2018, and effective on 01/01/2019 for the amount of $1,200. Subsequently, an endorsement is processed on 04/01/2019, effective 02/01/2019 for $100.00. What premium written would the insurance carrier have reported by month on its financial reports?
5. What is the difference between pro rata premium written and in force premium written?
6. Describe what financial line items are included as part of Net Incurred Losses.
Evaluation:
1) Do you understand key insurance financial principles?
2) Can you think through the details of a complicated problem?
3) Are you an effective communicator?
4) Do you know when to ask the right questions?
Expert Answer:
1 I would apply some steps in my interaction with the client to ensure that waste is minimal First I would ensure that there is comprehensive and indepth communication during the consultation stage I ... View the full answer
