Guides
Loss run guides for brokers, account managers and underwriting assistants
Twelve short guides on the questions that come up when loss runs go into a submission: what the dates and amounts mean, how to build the loss history, and what changes by line of coverage. Each one defines its terms, gives steps and a table, and says where it can go wrong.
General information, not advice. The guides are not insurance, legal or financial advice. Requirements differ by carrier, state and market; follow the instructions of the market you are approaching.
4 guides
Reading the numbers
What the dates and the amount columns on a loss run mean, and what to do when they do not agree.
Loss Run Valuation Date: What 'Valued As Of' Means
What the date on a loss run means, and how to tell whether a report is recent enough.
Paid vs Reserved vs Incurred on a Loss Run
The three amount columns defined, with a worked table of closed and open claims.
Currently Valued Loss Runs: Meaning and Timing
What the phrase means, how to count the days and how to time the carrier request.
Loss Run Does Not Match the Carrier Total: How to Find Why
A checking order for when the claim rows do not add up to the printed total.
4 guides
Building the submission
How to turn loss runs into the loss history an underwriter reads.
Loss Ratio From Loss Runs: Formula and Premium Needed
Incurred over premium: where each number comes from and what underwriters look at.
Five Years of Loss Runs: Why, and How to Handle Gaps
Why markets ask for five years, and what to do about gaps and carrier changes.
Open Claims on a Loss Run: What the Reserve Means
What an open reserve means and how to prepare each open claim for a submission.
Large Loss Summary for Underwriters: A One-Page Format
The one-page format: which claims, which columns, and how to word status.
4 guides
By line of coverage and situation
What changes for workers' compensation, general liability and commercial auto, and for a business with no history.
Workers' Comp Loss Runs and the Experience Mod
A general view of how claims on a loss run reach the experience modification.
General Liability Loss Run Submission: How to Present It
Policy periods, occurrence and claims-made years, defense expense and notes on open claims.
Commercial Auto Loss Runs: Vehicle, Driver and Summary
Coverage parts, fleet size, units and drivers, and what to summarize for an underwriter.
Loss Runs for a New Business With No History
What to provide an underwriter when there is no claims history to run.
Also on this site
Reference pages and the converter
- How to read a loss run. Every column and term on a carrier's report, defined.
- Loss run request letter. A letter you can fill in and send to each carrier.
- Loss run summary template. A one-page summary by policy year, in Excel or CSV.
- Loss run to Excel. Turn a loss run PDF into a claims schedule that ties to the carrier's totals.
Free: 1 file per day, up to 10 pages, no account. See pricing.