(a) For a new branch of insurance, it is given that: all insurance policies are annual the annual recorded risk exposure units at the timet is 1000t² from t = 0 to t = 1.

Calculate the number of accrued risk reports for the first year.

(b) An insurance company starts selling a new insurance product during the year 2013. Annual recorded risk reports are estimated to be equal to 1000t from t = 0 (where t = 0 is 01/01/2013) to t = 3 (where t = 3 is 01/01/2016). All insurance policies are six months. Calculate the estimated percentage increase in accrued reports from the Calendar Year 2014 in the Calendar Year 2015.