What Are Loss Runs?
- Claim dates
- Claim types
- Paid and incurred losses
- Claim status
Importance of Loss Run Analysis
- Better risk evaluation
- Accurate pricing
- Reduced underwriting errors
- Improved portfolio performance
Challenges in Handling Loss Runs
- Delayed carrier responses
- Incomplete data
- Manual tracking
- High follow-up workload
Offshore Support for Loss Runs
- Ordering loss runs from carriers
- Follow-ups and tracking
- Data extraction and analysis
- Documentation management
Conclusion
Accurate loss run analysis improves underwriting decisions and reduces risk exposure. Offshore teams help streamline this process efficiently.