Hello, Kindly help me solve the question below. Thanks

The table below shows the numbers of household insurance claims reported in each development year for accident years from 2005 to 2008. Use the basic chain ladder method to estimate the total ultimate number of claims arising from accidents occurring between 1 January 2005 and 31 December 2008. Number of claims reported Development year 2 3 2005 17,500 5.000 2,250 750 Accident year 2006 21,000 6.200 2,750 2007 18,800 5.500 2008 21,300Apply the chain ladder method to the triangle of loss ratios shown below. Estimate the ultimate loss ratio in each year, and the amount that needs to be set aside to meet future claims. The amounts of premium received in each of the years 2005 to 2008 were El.42m, $1.64m, f1.73m and f1.82m. Development year Loss ratio 0 1 2 3 2005 47% 63% 70% 74% Accident year 2006 48% 62% 71% 20107 49% 60% 2008 50%