Liberty Mutual Insurance

  www.libertymutualgroup.com
Work in HR? Unlock Free Profile

Liberty Mutual Insurance Associate Consultant Interview Question (student candidate)

"If an insurance company pays up to $1000 on a claim, how much will the insurance company pay if 50 people file claims for $1600 and 25 people file claims for $800?"
Add Tags [?]
Answer

Part of a Associate Consultant Interview Review - one of 619 Liberty Mutual Insurance Interview Reviews

Answers & Comments

0
of 0
votes

$70,000. 50 multiplied by 1000 plus 25 multiplied by 800.

- Beverly on Nov 6, 2011
0
of 0
votes

Assuming that not everyone get's paid out on the claims they submitted: let's approximate that 80% of the claims are legitimate and that the company pays out the maximum amount available for each claim.

That would be
.8x50=40 claims @ $1K = $40,000
.8x25=20 claims @$800= $16,000

Total payout of $56,000.

- Tim on Nov 20, 2011

To comment on this question, Sign In with Facebook or Sign Up

Tags are like keywords that help categorize interview questions that have something in common.