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kindly show the steps, especially for the inflation rate calculations Date: 2019-10-18 Question 1 Use the Basic Chain Ladder method to calculate the inflation adjusted

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kindly show the steps, especially for the inflation rate calculations
Date: 2019-10-18 Question 1 Use the Basic Chain Ladder method to calculate the inflation adjusted outstanding reserve in nominal terms. You are given the following: Development Year 2 0 1 362 2 582 3 682 4591 Accident 2016 Year 2017 2018 2019 1 1 162 1 442 852 622 205 Inflation should be calculated using the following index: Past inflation index (mid-year) 2016 2017 2018 2019 150 159 170 182 Assume future inflation is 6% per annum

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