4. Using the following loss development data, calculate and show loss development factors and developed losses as of 48 months Accident Year Months of Development 12 months 24 9,585 10,208 10,514 2014 7,800 2015 8,200 2016 8,500 10,140 10,647 11,480 2017 9,000 Accident Year Development Factors 12-24 24-36 36 48 123 1.06 1.03 2014 2015 1 24 1.05 2016 135 2017 Average 127 1055 1.03 Accident Year Developed Losses to 48 Months Factor Losses 2014 2015 2016 2017