From messy, multi-carrier loss runs to clean claims data — here’s the pipeline.
.png?width=150&height=150&name=Untitled%20design%20(17).png)
.png?width=150&height=150&name=Untitled%20design%20(21).png)
.png?width=150&height=150&name=Untitled%20design%20(16).png)
.png?width=150&height=150&name=Untitled%20design%20(14).png)
.png?width=150&height=150&name=Untitled%20design%20(19).png)
-1.png)
At SortSpoke, we understand that document processing in insurance and financial services demands the highest levels of security and compliance. Your sensitive data never leaves your control.
Our Security Foundation:
SOC 2 Type II compliant infrastructure built on AWS
Role-based access controls
Comprehensive audit logging and monitoring
By clicking Book Now you're confirming that you agree with our Terms and Conditions.
Enter your email and go straight to the calendar — pick a demo time that works for you. Then bring your messiest loss runs and watch the extraction live.
Quick reference: what a loss run is, what one contains, and how to read it.
Definition
A loss run is a report issued by an insurance carrier that lists a policyholder's claims history over a set period — typically three to five years.
Each entry records the claim date, type, status, amount paid, and reserves. Underwriters use loss runs to assess risk and price renewals. Every carrier formats them differently, which is what makes them slow to process at scale.
A loss run report typically contains the policy number and effective dates, a line per claim with date of loss and claim status (open, closed, or reopened), amounts paid, outstanding reserves, and a total incurred figure. Carriers vary in whether they include claimant detail, cause-of-loss coding, and subrogation recovery.
Most submissions ask for three to five years of loss history. A 5 year loss run report is standard for commercial lines; a 3 year loss run report is common for smaller accounts.
Read a loss run by first checking the policy period and whether the report is valued to a recent date. Then review each claim line for status, paid amount, and reserves. Total incurred is paid plus reserves. Open claims with large reserves carry the most forward-looking risk.
Industry estimates put up to 40% of underwriters' time on administrative work — much of it manual document handling like loss run processing. At 1,000 submissions a month, that's roughly 500–1,000 hours of underwriter time on loss run processing alone — time an automated extraction workflow gives back to risk assessment.
