Question 14.9: The table below gives the history of claims occurring in the...

Financial Enterprise Risk Management

The table below gives the history of claims occurring in the last three years. All claims are notified no more than three years after happening:

Development year (d)			Earned premium
3	2	1	Earned premium
200	160	150	250	2007	Year of claim (c)
–	200	150	300	2008
–	–	200	350	2009

What are the total estimated claims for 2007, 2008 and 2009 under the total loss ratio approach, assuming a total loss ratio of 80%?

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