Question: 1. The run-off triangles given below relate to a portfolio of motorcycle insurance policies. The cost of claims paid during each year is given by

1. The run-off triangles given below relate to a

1. The run-off triangles given below relate to a portfolio of motorcycle insurance policies. The cost of claims paid during each year is given by the table below: Figures in ($000s): Accident Year Development year 1 694 832 183 0 4144 4767 5903 2012 2013 2014 The corresponding number of settled claims is as follows: Accident Year Development year 1 75 71 2 28 0 581 626 674 2012 2013 2014 Use excel to calculate the outstanding claims reserve for this portfolio using the average cost per claim method assuming the average factor model. 1. The run-off triangles given below relate to a portfolio of motorcycle insurance policies. The cost of claims paid during each year is given by the table below: Figures in ($000s): Accident Year Development year 1 694 832 183 0 4144 4767 5903 2012 2013 2014 The corresponding number of settled claims is as follows: Accident Year Development year 1 75 71 2 28 0 581 626 674 2012 2013 2014 Use excel to calculate the outstanding claims reserve for this portfolio using the average cost per claim method assuming the average factor model

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