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A claim relating to an accident that occurred on 12/30/2015 is reported to ABC Insurance 1/15/2016. An initial reserve of $1000 is set up 1/20/2016.

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A claim relating to an accident that occurred on 12/30/2015 is reported to ABC Insurance 1/15/2016. An initial reserve of $1000 is set up 1/20/2016. What are paid losses for calendar year 2015? What are incurred losses for calendar year 2016? What are incurred losses for accident year 2015? What are incurred losses for accident year 2016

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