Actuarial Applications in Catastrophe Reinsurance, [Discussion]

Once again Mr. Simon favors the Proceedings with a new direction that should receive significant attention in the future. The importance of maintaining logical consistency among various reinsurance alternatives can hardly escape either the reinsurer of the reinsured. Perhaps the accent which this paper has placed on the concept will serve to underscore the degree of care that every primary insurer must exercise in assuring logical consistency among its own various plans-whether they concern deductible options, excess coverage plans, etc.