How to Prepare Loss Runs for Commercial Insurance Renewal

Loss runs should be reviewed before renewal conversations begin. Waiting until the market asks questions makes the account story reactive instead of prepared.

Check completeness

Confirm claim IDs, loss dates, line of business, paid, reserve, incurred, and status. Missing fields make trend and reserve review harder.

Separate frequency from severity

Many small claims suggest a different issue than one severe claim. Prepare commentary for both patterns.

Explain open claims

Open claims with reserves should have status notes. Underwriters want to know whether reserve development is stable or still uncertain.

Analyze the file

Download the loss run template and use the Loss Run Analyzer to export renewal notes.