1. You are given the following information about the sales of the insurance policies of a company: Year Written Premium CY1 10.000 CY2 11,000 For accidents occurring in CY2, 4,000 and 1,500 are paid in DYO and DY1, respectively. The expected loss ratio is 0.65. Policies are for one-year period and are sold at a uniform rate throughout the year. Determine the reserves for AY2 as of end of DY1 using the expected loss ratio method