2. points Cumulative paid losses of Tango Insurance Company for accident year 2018 at 12 months, 24 months, 36 months, and 48 months are $400, $700, $750, and $750 respectively. For accident year 2019, cumulative paid losses at 12 months, 24 months, and 36 months are $425, $775, and $800 respectively. For accident year 2020, cumulative paid losses at 12 months and 24 months are $500 and $825 respectively. Finally, for accident year 2021, cumulative paid losses are $550. Perform an actuarial analysis using the loss development method. What is the estimated BNR reserve if paid losses for all accident years as of the date of the analysis are $1,500 and case reserves are $0? (Note: There are questions in the exam relating to this scenario, all of which can be answered by a single analysis.) $925, $647, $1,020, $517.
