Talk:Loss development factor

ASSIGNMENT QUESTION ABOUT Estimated Ultimate Loss and Loss Reserve
In developing its loss forecast, CIRSM Company security and risk management professional prepares the following loss triangle: AGE ACCIDENT YEAR	1	2	3	4	5	6	7	8	9 2008	$386	$612	$1,437	$1,591	$1,774	$1,841	$1,914	$1,941	$2,100 2009	$256	$921	$1,287	$1,465	$1,601	$1,723	$1,850	$1,932	2010	$490	$1,025	$1,421	$1,634	$1,760	$1,819	$1,897		2011	$347	$713	$1,045	$1,190	$1,378	$1,478			2012	$287	$569	$761	$843	$902				2013	$196	$391	$527	$681					2014	$154	$374	$472						2015	$174	$386							2016	$115

Required: Calculate the Estimated Ultimate Loss and Loss Reserve. Show all your workings. Ticha90 (talk) 08:04, 8 February 2019 (UTC)