How do you feel globalization has affected the Insurance industry?
Globalization is a business concept that encourages international trade to strengthen the economic situation between countries. Discuss with the interviewer your thoughts on how this practice may affect the Insurance industry and, more specifically, Progressive.
"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."
"I think that globalization has made the insurance industry more competitive, thus creating a need for good reviews and customer satisfaction. Customers are better educated, and that holds the entire industry more accountable."
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 need for good reviews and customer satisfaction. Customers are better educated, and that holds the entire industry more accountable.
Marcie's Feedback
Yes! Your response is accurate and knowledgeable, which the interviewer will appreciate. Conclude your response by discussing how you personally plan to help the company combat the effects of globalization.
