Question: 6. Using the data below calculate the loss ratio for Territory 2 in 2007. Show your work. Territory 2007 Earned Premium Distribution LR for Acc

6. Using the data below calculate the loss ratio for Territory 2 in 2007. Show your work.

Territory 2007 Earned Premium Distribution LR for Acc Year Ending 2005 LR for Acc Year Ending 2006 LR for Acc Year Ending 2007
1 0.10 0.8300 0.8830 0.8914
2 0.40 0.8650 0.8920 x
3 0.24 0.7370 0.8360 0.8745
4 0.26 0.7090 0.8280 0.7410
TOTAL 0.8475
Loss ratios include allocated loss adjustment expense, and are developed to ultimate.
Loss Ratio= Losses/Premium.

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