Allocated Loss Expense Reserves, [Discussion]

Mr. Resony has presented an interesting method for determining the allocated loss expense reserve and his work displays a good deal of ingenuity. Furthermore, I suspect that, at least for him, the method’ works. There are some parts of his formula which, 1 think, fall short of the ideal and which might be considered for modification or, as suggested later in this review, for which an alternative approach might have merit.