Talk:Loss development factor

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ASSIGNMENT QUESTION ABOUT Estimated Ultimate Loss and Loss Reserve

In developing its loss forecast, CIRSM Company security and risk management professional prepares the following loss triangle: AGE ACCIDENT YEAR 1 2 3 4 5 6 7 8 9 2008 $386 $612 $1,437 $1,591 $1,774 $1,841 $1,914 $1,941 $2,100 2009 $256 $921 $1,287 $1,465 $1,601 $1,723 $1,850 $1,932 2010 $490 $1,025 $1,421 $1,634 $1,760 $1,819 $1,897 2011 $347 $713 $1,045 $1,190 $1,378 $1,478 2012 $287 $569 $761 $843 $902 2013 $196 $391 $527 $681 2014 $154 $374 $472 2015 $174 $386 2016 $115

Required: Calculate the Estimated Ultimate Loss and Loss Reserve. Show all your workings. Ticha90 (talk) 08:04, 8 February 2019 (UTC)[reply]