Guide: currently valued
Currently valued loss runs: what the phrase means and how to time the request
"Currently valued" means a loss run was run recently enough that its payments and reserves show where each claim stands now. The market sets what counts as recent, often a valuation date within about 60 to 90 days of the effective date, and writes it into its submission instructions.
General information, not advice. This is not insurance, legal or financial advice. Requirements differ by carrier, state and market; follow the instructions of the market you are approaching.
The phrase
Where it appears, and who defines it
It appears on applications and submission checklists, for example "currently valued loss runs, five years", and sometimes in a quote's conditions. It has no universal definition, and it describes the valuation date, not the day the PDF was emailed. The window therefore comes from the market, and if the instructions give no number, ask the underwriter. See loss run valuation date for how to read the date on a report.
The phrase says nothing about the claims themselves. A currently valued report can still show open claims and reserves that will move, and an older report is not wrong, only out of date.
A first-term report that prints no claims is still a loss run, and it carries a valuation date like any other. See loss runs for a new business with no history.
Steps
How to time and word the carrier request
The valuation date is set when the carrier runs the report, so timing is part of the request.
- Get the window from the marketWrite down the number of days, and whether it counts from the effective date or from the submission date.
- Work out the earliest acceptable valuation dateSubtract the window from the effective date. A report valued before that date is too old.
- Time the request so the report lands inside itA carrier usually values a report on the day it runs it, not the day you asked. Ask each carrier for its normal turnaround, and neither ask so early that the report ages out nor so late that the deadline slips.
- Word the request to name the valuationAsk for loss runs valued no earlier than a stated date, and list the policies and years. The request letter has wording.
- Read the valuation date when the report arrivesIf it misses the window, send it back with the date you need.
Worked example
The earliest valuation date for a 01/01/2027 effective date
Counting back from the effective date shows what each window allows.
| Market's window | Earliest valuation date | A report valued 10/15/2026 is |
|---|---|---|
| 30-day window | 12/02/2026 | Too old |
| 60-day window | 11/02/2026 | Too old |
| 90-day window | 10/03/2026 | Inside the window |
Some markets count from the submission date instead of the effective date, so confirm which. A report that clears one market's window can miss another's, so work to the shortest window among the markets you approach.
Pitfalls
What goes wrong
- Requesting too early. A report requested four months ahead may be valued before the window opens.
- Counting from the wrong date. Some markets count from the effective date and some from the submission date.
- A portal's default report. Some portals produce reports as of a fixed date. Check the date, and ask for a fresh run if it is too old.
- An undated report. Without a valuation date nothing can be called current.
- Updates promised after binding. The carrier's turnaround is outside your control, so have the request ready.
The tool
How LossRun Pro helps
LossRun Pro reads the valuation date from each report and shows it with the summary, or says that none is printed, so you can check it against the market's window before you build on it. It does not know the window; that comes from the market. When uploads carry different dates it lists each one on screen, but the exported summary holds only the latest, so keep each report's date beside its figures. Try it on the loss run to Excel page. Free: 1 file per day, up to 10 pages, no account. Files over 10 pages are converted up to page 10 on the free allowance; a page code converts the whole file, up to 150 pages. See pricing.
FAQ
Questions about currently valued loss runs
What does "currently valued" mean?
The loss run's valuation date is recent, so its payments and reserves reflect where claims stand now. The market defines how recent.
How recent is currently valued?
Many markets ask for a valuation date within about 60 to 90 days of the effective date, and some ask for less. Check the instructions, and ask when they are silent.
Is last year's loss run currently valued?
Not for a new submission. A report run a year ago, however recently it was emailed, shows last year's snapshot. Ask the carrier for a new one.
How early should I request loss runs?
Early enough to allow for the carrier's turnaround and any chasing, but not so early that the report ages out of the window. Many agencies start renewal work 90 to 120 days ahead, though practice varies.
What if the market asks for updated loss runs after quoting?
If the quote is conditional on them, request a fresh valuation and check what changed since the last one. If the new totals differ from the earlier run, see when the loss run does not match the carrier total.
Can I choose the valuation date?
Usually the carrier's system values the report as of the day it runs it. Some carriers will run as of a date you name, so ask.