Insurance Sales Interview Preparation Guide
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Insurance Sales related Frequently Asked Questions in various Insurance Sales job interviews by interviewer. The set of questions here ensures that you offer a perfect answer posed to you. So get preparation for your new job hunting

82 Insurance Sales Questions and Answers:

1 :: Explain about yourself. Why should we hire you?

The interviewer is trying to find out about you, your job skills and how well you express yourself. Do not dwell on personal issues. State your best qualifications for the job. Be specific and include examples to support your statements. Try to show that you meet the employer's expectations. For example:

☛ I am punctual, dependable and can be counted upon to finish what I start. I get a great deal of satisfaction from knowing that I have done something well and on time. For example, at my present job, I was given different work orders every day. It was my responsibility to finish the orders and make sure they all met quality and safety standards within a specific deadline. On occasion, I had to familiarize myself with the product and the production process. I was always able to learn quickly and carry out my job responsibilities. Our company was known for making excellent processed food products. In 1990, it received an award for being on of Canada's top companies in the field. I feel I can use the same skills and hard work to do well on this job too.
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2 :: Tell me how comfortable are you with data analysis?

Reps generally only care about one number: their quota. Keeping on top of pipeline and win rate is also important ... as these metrics pertain to their quota. It's all quota, all the time.

But when a rep is promoted to management, they must produce forecasts and reports that analyze a variety of metrics across the entire team. While a sales manager doesn't need to be a data analysis pro, they do need to have some familiarity with and inclination for crunching numbers and spotting trends. Beware of candidates that express active revulsion for data analysis.
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3 :: Tell me what is subrogation?

'Subrogation' is referred as the process of seeking reimbursement from the responsible party for a claim that they had already paid. For example, you have an accident where your car gets damaged,and you have car insurance, the insurance company will pay you the money. But the insurance company comes to know that the accident occur due to other party fault, now they will claim themoney from the other party this is known as 'subrogation'.
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4 :: Why do you want to work for us? Why are you interested in this job as Insurance Sales Exactive?

The interviewer is trying to determine what you know and like about the company, whether you will be willing to make a commitment to the job, and if your skills match the job requirements. Your research will be a big help in formulating your answer to this question. Say as many positive things about the company as possible, show your interest in whatever products/services they sell and explain why the position fits with your career goals.
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5 :: How to claim your personal property in a 'Home insurance' policy, how important is to keep inventory list?

In case of fire or natural calamities, if your house is completely damaged and if you want to claim your personal property to insurance company, inventory list is very important. The insurance company will only pay you for those items where you are able to show the evidence that the damaged items belong to you. So, it is advisable to keep a list of inventory in a safe place.
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6 :: Explain how do you react to instruction and criticism?

The interviewer is trying to find out how you get along with Supervisors and how you feel about authority. You might say:

☛ I appreciate getting instruction and criticism when it is done fairly and constructively.
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7 :: Tell me how would you describe your last employer?

Never run down or say anything negative about anybody or anyone. The employer will feel that you will do it to them. You should state the positive things such as he had high expectations and I really respected him for that. He was down to earth and really knew the job I was doing, if I had any problems he was approachable and would always give me suggestion or he gave the responsibility to do a good job.

☛ I liked my employer. He/she treated me fairly and respected my work

☛ I appreciated my previous employer having given me the opportunity to acquire a lot of skills and experiences in (name area of work skill).
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8 :: Tell me what is 'schedule of loss' in home insurance?

Schedule of loss is a document submitted to theinsurance company to claim the policy; it gives the information of damaged or lost items like model number, when it was purchased, cost of the item etc.
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9 :: Tell us are you bondable?

This question indicates that the job involves working with money or valuable merchandise. Very likely the employer's insurance company requires that only bondable people be hired as a condition of their insurance policy.As long as you do not have a criminal record, and you have not previously been denied a bond, you should answer "yes" to this question. Caution: If you answer yes when you are not legally bondable it is very likely that the employer will discover this.
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10 :: Tell me what kind of machines or equipment have you worked with?

This is your opportunity to give some detail of what actual work skills you have. Don't be vague, supply all of the information that you have to offer.
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