Please do the following questions with full handwritten working out. The question is here only.

2. Assume you are given the following table of claims per year on a group of insurance policies, as well as the premium earned for that policy year. Development Year Premium Policy Year 0 1 2 3 4 2014 | 1375.66 | 1448.31 497.54 | 106.82 4400 2015 | 1439.08 | 1477.92 338.65 4200 2016 | 1235.75 | 1543.43 4000 2017110541 |158608| | | | 3800 . eo18fusszz| | 0 | | 3600 Assume the loss ratio for each year is expected to be the loss ratio in 2014. Using the Bornhuetter-Ferguson method with volume weighted development factors, determine the reserve that should be held for the incurred but not reported claims