This question examines a paid development pattern and a notified development pattern. The answer to part (i) says 'there are inconsistencies between the two patterns', but I can't spot them...! Also, it says 40% of claims are notified in year one, but is this a mistake? Thanks.
the paid data assumes 100% of claims paid by the end of year 4, but the incurred data implies that more will be paid in later years, since in 1996 incurred =77, paid = 50. 40%, not sure where that comes from. 53% in year 0. 47% in year 2??
