What Is a Loss Run Report?

A loss run report is a document from an insurance carrier that lists the claims filed under a policy over a set period, commonly the past three to five years. It is your business's claims history for that line of coverage, and underwriters rely on it to price risk. A business with few or small claims looks less risky than one with a pattern of losses, and that shows up in the renewal offer.

What a loss run shows

Each claim on a loss run typically includes:

• Date of loss: when the incident occurred.
• Claim type or description: what happened.
• Status: open, closed, or reopened.
• Paid amount: what the carrier has paid so far.
• Reserved amount: what the carrier expects to pay on open claims.

Together these give an underwriter a picture of how often you have losses and how large they run.

Why loss runs matter at renewal

When you renew a policy or seek new coverage, the carrier wants to see your recent claims history. A clean loss run supports better pricing; a heavy one drives premiums up or narrows your options. Because carriers can take several days to produce loss runs, requesting them early is part of starting a renewal on time, a late loss run can stall a submission.

Loss runs and loss ratio

Loss ratio: the total losses divided by the premium paid, is the summary figure underwriters and business owners read off loss run data. A loss ratio well under 100% means the account paid more in premium than it cost in claims. Tracking it over time shows whether a program's claims experience is improving or deteriorating.

Keeping loss runs and claims in one place

Loss runs arrive as PDFs from each carrier and are easy to lose track of. Atlasafe stores the loss runs you upload, records the claims you track with their status and amounts, and computes loss ratio from the figures you enter, so your claims history is in one place when a renewal or a broker asks for it. It organizes the data; the underwriting judgments stay with your carriers and brokers.