Loss run,
defined.
A loss run is a report from an insurance carrier that lists a policyholder's claims history over a set period, usually three to five years. It shows each claim's date, type, status, amounts paid, and reserves. Underwriters use loss runs to assess risk and price coverage at new business or renewal.
How loss runs are used
When remarketing or writing new business, an agency requests loss runs so underwriters can see the account's claims experience. A clean loss run can mean better pricing.
Gathering loss runs is part of preparing a renewal pack, alongside the current policy and exposure data.
Common questions
How far back does a loss run go?
A loss run usually covers the most recent three to five years of a policyholder's claims history, though the exact period depends on the carrier and the line of business.
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