FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are given the following loss development triangle and average link ratios. AY / Lag 1 2 3 4 400 2014 2015 2016 2017 Avg.

image text in transcribed

You are given the following loss development triangle and average link ratios. AY / Lag 1 2 3 4 400 2014 2015 2016 2017 Avg. Link 100 250 350 125 275 400 150 300 175 2.233 1.427 1.143 a. Use the given average link ratios to complete (square") the triangle. AY / Lag 1 2 3 4 2014 100 250 350 400 2015 125 275 400 2016 150 300 2017 175 b. Circle your estimates of ultimate losses for 2015, 2016 and 2017

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Sustainable Finance

Principles Of Sustainable Finance

Authors: Dirk Schoenmaker, Willem Schramade

1st Edition

0198826605, 978-0198826606

More Books

Students also viewed these Finance questions

Question

★★★★★
Austin Enterprises makes and sells three types of dress shirts. Management is trying to determine the most profitable mix. Sales prices, demand, and use of manufacturing inputs follow: The company...

Answered: 1 week ago

Question

★★★★★
Why are there no sp4 or sp5 hybrid orbitals?

Answered: 1 week ago

Question

★★★★★
How are these schools different organizations within which to work? What type of climate and culture would you say characterize each?

Answered: 1 week ago

Question

★★★★★
On May 1, Sparta Inc. began the manufacture of a new mechanical device known as Alex. The company installed a standard cost system in accounting for manufacturing costs. The standard costs for a unit...

Answered: 1 week ago

Question

★★★★★
-Use the data provided after the trial balance in the paragraph in the book. -DO NOT DO A FULL CONSOLIDATION. -Complete the tables for each inventory transaction and the consolidation entries for the...

Answered: 1 week ago

Question

★★★★★
Question 29 The following data was taken from the accounting records for Genoa Pure Olive Oil for last year: Raw Materials Inventory 500 250 300 Work in Process 750 Finished Goods Inventory 300 b....

Answered: 1 week ago

Question

★★★★★
GOVERNMENT NSW TAFE Part 1: Sales budget preparation Prepare a Sales budget for 'Health is care' Cafe situated in a Blacktown city hospital for 2016. Health is care Cafe-Sales data for the year ended...

Answered: 1 week ago

Question

★★★★★
Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 1 week ago

Question

★★★★★
Help Desk Layout Using the internet, research help desk layouts. What types of novel layouts (i.e., not standard cubicles)? Which of these layouts would you prefer to work in?

Answered: 1 week ago

Question

★★★★★
ABN Amro Bank, Amsterdam, wants to purchase Rs.15 m against $ for funding their Vostro account with Canara Bank, New Delhi. Assuming the inter bank, rates of $ is 51.3625 - 3700, what would be the...

Answered: 1 week ago

Question

★★★★★
Operating expenses would include O interest expense. O income tax expense. O freight-out. O freight-out and interest.

Answered: 1 week ago

Question

★★★★★
=+2. You want to produce a great portfolio of work for your summer social media internship application with the Green Bay Packers. Outline some steps to take to make yourself a strong candidate for...

Answered: 1 week ago

Question

★★★★★
=+crisis on its official social media accounts. Analyze the situation based on what is discussed on social media and in the traditional media, and provide a brief overview of the situation. Outline...

Answered: 1 week ago

Question

★★★★★
=+4. You are working for a crisis communication firm, and you find out your client (Kevin Spacey) has become a trending topic on social media due to a significant personal scandal along with the...

Answered: 1 week ago

Previous Question Next Question