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2. You are given the following information regarding cumulative incurred losses for a block of business: Development Years EarnedExpected 4 Premium Loss Ratio Accident Year

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2. You are given the following information regarding cumulative incurred losses for a block of business: Development Years EarnedExpected 4 Premium Loss Ratio Accident Year AY1 AY2 16000 15500 16000 16200 AY3 17200 18000 19000 AY4 18500 18300 AY5 20000 2 15000 15500 15800 16000 16200 25000 0.648 0.630 27000 0.640 30000 33000 35000 0.650 0.650 Losses are mature at the end of 4 years. Calculate the IBNR reserve using the loss ratio method

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