How to Answer: At Anthem, we have many health insurance competitors that we need to have a pulse on. In your current role, how do you stay up to date with competitors?
Advice and answer examples written specifically for an Anthem job interview.
29. At Anthem, we have many health insurance competitors that we need to have a pulse on. In your current role, how do you stay up to date with competitors?
Why the Interviewer Asks This Question
All private health insurance companies are vying for the business. If a competitor has a product that could impact the business, you need to know. Likewise, if a competitor is struggling, you might be able to create an advantage for Anthem.
1st Answer Example
"I set up Google Alerts for all the major competitors so I can follow them. I read something in an obscure business journal about one of our competitors having some financial trouble, so I reached out to several of their clients the next day to see what the pulse was. They were also nervous and uncertain about the future of their current provider, so they were much more willing to have conversations with me about our product. I'm still in the middle of the contract process, but it looks promising so far."
Written by Kevin Downey on May 3rd, 2022
2nd Answer Example
"I have relationships with all of the sales team members at our major competitors. I find it easier to have friends than enemies because I know what is going on at their companies before it hits the news. Oftentimes, because I've built a solid relationship with that sales team, they give me leads that could be a good fit for our business and don't fit their product offerings. I also try to help them when I can when it makes sense."
Written by Kevin Downey on May 3rd, 2022