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After analyzing a paid loss development triangle, you have determined the following loss development factors: Suppose that, as of December 31, Calender Year (CY) Z,
After analyzing a paid loss development triangle, you have determined the following loss development factors: Suppose that, as of December 31, Calender Year (CY) Z, you estimate that Accident Year (AY) Z unpaid losses are $100 (million). Use the loss development factors above to determine the following (a) Determine the AY Z paid losses as of December 31 , CY Z. (b) How much of the $100 (million) is expected to be paid during CY Z+1
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