Guides for brokers and underwriters
Loss Run and Submission Blog
Practical guides for commercial brokers, MGAs and underwriters on requesting loss runs from carriers, reading and normalizing them, calculating loss ratio and building renewal submissions that markets quote.
/7 min read
ACORD Loss Run Request Form Explained
There is no single ACORD form every carrier requires for loss runs, so a valid request is a signed letter of authority plus the policy details the carrier needs to find the account.
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How to Request Loss Runs From Any Carrier
Get a signed letter of authority from the insured, send one request per carrier and policy term to the right loss run channel, then follow up on day 3, 7 and 14.
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Commercial Insurance Submission Checklist for Brokers
A complete submission has the ACORD applications, currently valued loss runs with a summary, exposure schedules like the SOV and driver list, and a clear account narrative.
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How to Calculate Loss Ratio From Loss Runs
Loss ratio equals incurred losses from the loss runs divided by earned premium for the same policy period, calculated per year and for the full five-year period.
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Workers Comp Loss Runs and the Experience Mod
Workers comp loss runs show the claims that become the unit statistical data behind the experience mod, so reading them early lets you catch errors before the mod is published.
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How Many Years of Loss Runs Do You Need for a Submission
Most commercial lines markets want five full years of loss runs plus the current partial term, with three years acceptable for small accounts and longer history for long tail lines.
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Currently Valued Loss Runs and Why Underwriters Reject Old Ones
Currently valued loss runs carry a valuation date recent enough, usually within 60 to 90 days of submission, that open reserves still reflect reality.
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Insurance Loss Run Template for Excel
A good loss run template keeps one row per claim per valuation, fixed columns for paid, reserve and incurred, and a summary tab by policy year.
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What Is a Loss Run Report and How to Read One
A loss run report is the carrier's claim history for a policy, listing every claim with dates, status, paid, reserved and incurred amounts as of a valuation date.
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