How to Answer: How well do you understand the insurance industry?
Advice and answer examples written specifically for a Claims Adjuster job interview.
9. How well do you understand the insurance industry?
Why the Interviewer Asks This Question
The interviewer asks how well you understand the insurance industry because it is a crucial aspect of the job. As a claims adjuster, you will be responsible for investigating insurance claims and determining the amount of compensation that the claimant is entitled to. To do this effectively, you need to understand the insurance industry, including the different types of policies, coverage limits, and claims procedures involved. By asking about your understanding of the insurance industry, the interviewer is trying to determine whether you have the necessary knowledge and expertise to perform the job successfully. Let the interviewers know how much experience you have in the insurance industry, showing you have the skills and expertise they seek. If you are new to the field, describe what you know about the industry and how you will learn quickly under the mentorship of a senior claims adjuster.
Written by Krista Wenz on June 15th, 2023
Entry Level Example
"I am newer to the insurance industry; however, I recently obtained my adjuster's license and feel extremely prepared for this role. While taking the course, I learned a great deal about how insurance works. I understand the importance of accurate claims and am confident I would be a fantastic adjuster. I am also eager to learn and gain hands-on experience working under a senior adjuster."
Written by Krista Wenz on June 15th, 2023
Answer Example
"I have a strong understanding of the industry from working as an adjuster for the past four years. I like to keep updated on new policies and industry-related changes to ensure I am always on top of advancements in the industry."
Written by Krista Wenz on June 15th, 2023
Experienced Example
"I am an expert in the insurance industry and have trained upwards of fifteen new claims adjusters over my ten-year career. I would consider myself a subject matter expert in general insurance and liability laws."
Written by Krista Wenz on June 15th, 2023
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