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