provided to an actuarial analyst first week on the job 2. The following information was Reported Losses ($000's) by Accident Year Age (Months) Acciden t Year 12 24 36 48 60 1,010 2011 500 760 910 1,505 2012 1,300 860 990 1,430 2013 980 1,108 1,250 1,100 2014 990 2015 955 Policies Year 2011 950 1,000 2012 950 2013 2014 1,050 1,200 2015 a) Using the average age-to-age development factors calculate the premium. b) Although the actuarial analyst is new and inexperienced he noticed something 'strange in the 12-24 age-to-age development factor trend. Identify this 'strange' observation and outline possible remedies provided to an actuarial analyst first week on the job 2. The following information was Reported Losses ($000's) by Accident Year Age (Months) Acciden t Year 12 24 36 48 60 1,010 2011 500 760 910 1,505 2012 1,300 860 990 1,430 2013 980 1,108 1,250 1,100 2014 990 2015 955 Policies Year 2011 950 1,000 2012 950 2013 2014 1,050 1,200 2015 a) Using the average age-to-age development factors calculate the premium. b) Although the actuarial analyst is new and inexperienced he noticed something 'strange in the 12-24 age-to-age development factor trend. Identify this 'strange' observation and outline possible remedies