Question: This is the answer but I need to know how to do the working. Show all steps and explanation. TQ 1. You are given the

This is the answer but I need to know how to doThis is the answer but I need to know how to do the working. Show all steps and explanation. TQ

the working. Show all steps and explanation. TQ 1. You are given

1. You are given the following information as of 12/31/2019: Using the above data, produce the following triangles with 12/31 annual evaluations: a) Report year reported claims, net of recoveries. b) Accident year paid claims, net of recoveries. \begin{tabular}{|c|ccc|} \hline \multirow{2}{*}{ReportYear} & \multicolumn{3}{|c|}{ Reported Claims as of (months) } \\ \cline { 2 - 4 } & 12 & 24 & 36 \\ \hline 2017 & 6,000 & 9,000 & 9,000 \\ \hline 2018 & 11,000 & 3,000 & \\ 2019 & 3,000 & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline \multirow{2}{*}{AccidentYear} & \multicolumn{3}{|c|}{ Reported Claims as of (months) } \\ \cline { 2 - 4 } & 12 & 24 & 36 \\ \hline 2017 & 2,000 & 9,000 & 12,000 \\ 2018 & 0 & 0 & \\ 2019 & 0 & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!