Risk & Underwriting
Loss Runs
Definition
A report generated by an insurance company that provides a detailed history of all claims filed under a policy, including dates of loss, types of claims, amounts paid, amounts reserved, and claim status. Loss runs are typically required by prospective insurers when quoting new coverage and are used to evaluate the risk profile of an applicant.
In Zach’s Words
“Loss runs are your insurance report card. They show every claim you've filed — what happened, when, and how much was paid out. When you're shopping for new insurance, the new carrier will ask for 3–5 years of loss runs from your current company. Clean loss runs = better rates. A history of frequent claims = higher premiums or even a declined application. Pro tip: request your loss runs before you start shopping so you know what carriers will see.”
— Zach Nadler, CIO