Experience Rates As Estimators: A Simulation of Their Bias and Variance [Discussion]

Mr. Stanard's paper opens a new area of actuarial research, namely the use of simulation to investigate the reliability of commonly used pricing (and related) models. He is not using simulation to forecast insurance results directly, but rather to determine how well a given technique for such forecasting can be expected to perform. I believe this is not a paper to read to find final answers, but rather to find groundbreaking results from a technique which should become more widely used. Ex/Ind. Risk Rating Plans, Loss Adjustment Expenses