In your opinion, how has globalization impacted the Insurance industry?
Questions like these will test your knowledge and scope of the big-picture on a wide array of issues that could potentially impact the business. You might be asked about anything, from globalization to the impact of climate change on the industry to international trade. Research such issues, especially Allstate's position on each issue. Whatever perspective you share should not be at odds with the company's view on the topic you are asked about, especially since you are interviewing to be a representative of their company's brand.
"I feel that globalization has forced many companies to be creative and flexible in their business insurance needs. Namely, companies that now have international offices hire offshore employees and participate in global trade. It has caused the Insurance industry to think outside of the box and has, in my opinion, created some very thought-provoking challenges."
Community answers are written by other candidates practicing this set. Reading how others frame the same question is one of the fastest ways to sharpen your own.
Anonymous Answer
"I think that globalization has made the insurance industry more competitive; thus, creating a greater need for good reviews and customer satisfaction. Customers are better educated, and that holds the entire industry more accountable."
Lauren's Feedback
Great response! Minor revisions have been made.
Globalization has made the insurance industry more competitive, which should centralize our focus to strong customer satisfaction. Customers are well-versed on their needs and the industry's services, which holds the entire industry more accountable.
