An Analysis of Excess Loss Development, [Discussion]

Messrs. Pinto and Gogol have written a paper rich with practical techniques for determining excess loss development by layer of loss for liability lines. I have used their novel approach for analyzing reporting patterns by liability layer, and had success in tailoring their patterns to determine expected development for various reinsurance programs. Before presenting my results, I will summarize their technique and present some goodness of fit tests comparing the actual data to their fitted curves. In addition, some limitations of the use of their method will be offered.