1) You are given the following payment and reserve information about two different claims on two different policies Transaction Date December 1, 2006 March 1, 2007 October 1, 2007 March 1, 2008 March 1, 2007 October 1, 2007 March 1, 2008 Policy Effective Date July 1, 2006 Payment Case Reserve 5,000 3,500 2,000 Date of Loss December 1, 2006 500 3,500 3,000 5,000 9,000 October 1, 2006 March 1, 2007 10,000 1,000 Calculate the calendar-year incurred losses for 2006 and 2007 Calculate the accident-year incurred losses for 2006 and 2007 evaluated as of December 31,2008 Calculate the policy-year incurred losses for 2006 and 2007 evaluated as of December 31,2008 a. b. c. 1) You are given the following payment and reserve information about two different claims on two different policies Transaction Date December 1, 2006 March 1, 2007 October 1, 2007 March 1, 2008 March 1, 2007 October 1, 2007 March 1, 2008 Policy Effective Date July 1, 2006 Payment Case Reserve 5,000 3,500 2,000 Date of Loss December 1, 2006 500 3,500 3,000 5,000 9,000 October 1, 2006 March 1, 2007 10,000 1,000 Calculate the calendar-year incurred losses for 2006 and 2007 Calculate the accident-year incurred losses for 2006 and 2007 evaluated as of December 31,2008 Calculate the policy-year incurred losses for 2006 and 2007 evaluated as of December 31,2008 a. b. c