Fireman's Fund Insurance Interview Question: They describe a golf course t... | Glassdoor

Interview Question

Assistant Actuarial Analyst Interview(Student Candidate) Novato, CA

They describe a golf course that gives a certain prize to

  players when they hit a hole in one. They want you to figure out what the premium should be on an insurance policy on the prize.
Answer

Interview Answer

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You need to calculate the expected loss for the golf course on the prize assuming a probability and a value of the prize. Whatever that expected loss is what the insurance company should charge the golf course as an insurance premium.

Interview Candidate on Dec 8, 2012

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