Actuary Assistant Interview Questions

636 actuary assistant interview questions shared by candidates

Imagine you are given a dataset from a health insurance company that includes both demographic information (age, gender, income, etc.) and historical medical claim data for a group of individuals. Your task is to develop a model that predicts the annual medical expenses for these individuals. However, upon initial analysis, you notice that the dataset has a significant number of outliers in the claim amounts, which could potentially skew the predictions of your model. How would you approach this problem? Please describe the steps you would take, from initial data analysis to model development and validation, and how you would address the issue of outliers.
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Actuary

Interviewed at CVS Health

3.2
Apr 1, 2024

Imagine you are given a dataset from a health insurance company that includes both demographic information (age, gender, income, etc.) and historical medical claim data for a group of individuals. Your task is to develop a model that predicts the annual medical expenses for these individuals. However, upon initial analysis, you notice that the dataset has a significant number of outliers in the claim amounts, which could potentially skew the predictions of your model. How would you approach this problem? Please describe the steps you would take, from initial data analysis to model development and validation, and how you would address the issue of outliers.

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