
214 Pricing in General Insurance
Year 1 Year 2 Year 3 Year 4
Date of loss
Loss year
Year reported
as non-zero
Estimate O/S % Estimate O/S % Estimate O/S % Estimate O/S
7/3/2004 2004 2004
4,050,000 100.00%
2,500,000
100.00% 770,000 61.00% 713,878 5
7/4/2004 2004 2004 190,000 100.00% 140,000 100.00% 140,000 100.00% – 0.00
7/10/2004 2004 2004 50,000 100.00% 85,000 100.00% 65,000 66.50% 50,942 0.00
7/15/2004 2004 2004 265,000 100.00% 300,000 100.00% 300,000 100.00% 11,146
7/16/2004 2004 2004 2172 0.00% 2172 0.00% 2172 0.00% 2172 0.00
7/12/2004 2004 2004 1,500,000 100.00% 1,500,000 100.00% 1,659,825 0.00% 1,659,825 0.00
7/2/2004 ...