What do you feel is the most pressing issue facing the Insurance industry today?
This question is intended to help your interviewer assess your experience level and how much of a trusted resource you would be for your customers and peers. Travelers states on their website, "Our colorful and exciting history illustrates a remarkable agility to innovate and adapt to changing times. Today, we face insurance scenarios our predecessors would have never imagined... from autonomous cars to epic natural disasters to global businesses in oil, gas, marine, finance, and technology. That's why we challenge the status quo with new ideas and innovations in the areas of AI, geospatial, cybersecurity, global risk, and more. The one thing that has remained the same over the years is a commitment to looking out for others. We have an enduring promise to secure, respect, and care for our customers. That's why Travelers continues to be highly respected as one of the best and most experienced property and casualty insurers in the industry."
"With the heavy focus on globalization in decline, many companies are now reversing their globalization efforts. I feel the focus should be on the effects of climate change, which are increasingly impacting the insurance industry. Making it an even more pressing issue is that most insurance companies are ill-prepared and have taken little action to lessen the impact."
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 feel that globalization has forced many companies to be creative and flexible when it comes to their business insurance needs. Companies now have international offices and hire offshore employees.
Stephanie's Feedback
This is a great start, but I suggest developing your response a bit more. Are there pros and cons to this? if so, what are they?
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