4. (15 points) Given the following information about two claims Transaction Date Incremental Ending Case Payment 0 Claim Accident Date Number Reserves January 1, 2015 January 1, 2015 April 1, 2015 April 1, 2015 April 1, 2015 January 1, 2015 January 1, 2016 July 1, 2015 October 1, 2015 1 20,000 1 25,000 0 50,000 75,000 20,000 0 2 25,000 100,000 2 April 1, 2016 Questions: a. (5 points) Calculate the incurred losses for accident year 2015 as of May 1, 2016. b. (5 points) Calculate the incurred losses for calendar year 2015 and calendar year 2016 c. (5 points) Calculate the incurred losses for policy year 2015 and policy year 2016 4. (15 points) Given the following information about two claims Transaction Date Incremental Ending Case Payment 0 Claim Accident Date Number Reserves January 1, 2015 January 1, 2015 April 1, 2015 April 1, 2015 April 1, 2015 January 1, 2015 January 1, 2016 July 1, 2015 October 1, 2015 1 20,000 1 25,000 0 50,000 75,000 20,000 0 2 25,000 100,000 2 April 1, 2016 Questions: a. (5 points) Calculate the incurred losses for accident year 2015 as of May 1, 2016. b. (5 points) Calculate the incurred losses for calendar year 2015 and calendar year 2016 c. (5 points) Calculate the incurred losses for policy year 2015 and policy year 2016