Loss Run Report: AI Extraction, Automation & Compliance

What Is the Loss Runs?

Historical claims summary provided by the prior insurer showing all losses over typically 3-5 years.

Market regions: US, UK, EU. Primary users: Underwriters, MGAs, Brokers, Risk managers.

Key Data Fields in the Loss Runs

Insurance operations need to extract and validate the following fields from every Loss Runs:

• Policy period
• Number of claims
• Open/closed status
• Paid losses
• Reserved losses
• Incurred losses
• Cause of loss descriptions
• Claimant details

Manual extraction of these fields typically takes 15-45 minutes per document depending on complexity. At volume — hundreds or thousands of Loss Runss per month — this creates a significant operational bottleneck and introduces transcription errors that cause downstream issues in claims, underwriting, and compliance.

Why Loss Runs Automation Is Difficult

Loss runs arrive in hundreds of different formats from every carrier — PDFs, Excel files, proprietary report formats. Extracting comparable loss data for pricing and portfolio analysis requires massive manual effort.

Traditional OCR tools fail on Loss Runs processing because they rely on fixed template matching. When formats vary — due to different software versions, jurisdictions, carriers, or manual completion — template-based extraction breaks down. AI-powered extraction that understands document context and field semantics is required.

Regure's Loss Runs Processing Capability

Regure normalizes loss run data from any format into a standardized schema, calculates loss ratios, identifies frequency/severity trends, and integrates with rating engines — turning 2 hours of manual analysis into 2 minutes.

Automation Workflows for Loss Runs

Regure applies the following automated workflows to every Loss Runs processed:

Integration with Insurance Systems

Regure processes Loss Runs documents and pushes extracted data to downstream systems via API:

• Guidewire ClaimCenter — extracted claim fields flow directly into claim records
• Applied Epic — policy data populates Epic fields automatically
• Duck Creek — underwriting and claims data syncs via Duck Creek APIs
• Sapiens — document data integrates with Sapiens CoreSuite workflows
• Any policy administration or claims system via Regure REST API

Compliance and Audit Trail for Loss Runs

Every Loss Runs processed through Regure generates an immutable audit trail recording:

• Timestamp and source channel of document receipt
• Each field extracted and the confidence score of the extraction
• Any manual corrections made to extracted data and by whom
• Routing decisions and the rules that triggered them
• All parties who accessed the document and when
• Final disposition — filed, archived, or forwarded to downstream systems

This audit trail satisfies regulatory requirements from the FCA, EU DORA and AI Act, and US state insurance departments for evidence of controlled, documented document processing.

Related Document Types

• ACORD 130 — Workers' Compensation Application — Standard workers' compensation insurance application capturing employer payroll, class codes, and prior loss history
• ACORD 125 — Commercial Insurance Application — The standard commercial insurance application used for general liability, property, and most commercial lines submissions

Ready to automate Loss Runs processing in your operation? Book a demo to see Regure extract your actual documents, or explore the full document library to see all supported document types.