The Allocation of Administrative Expense by Lines for Casualty Insurance Companies [Discussion]

Mr. Hull's paper on the allocation of expenses by lines of insurance is timely. With the increasing interest in rating matters and the demand on the part of the public that rates be made on a scientific basis it becomes increasingly necessary to determine accurately the expense element for each line of insurance as well as the element of losses. Heretofore, in making rates the percentages of the premium estimated to be needed for expenses have been determined on the basis of very inadequate data.