AI Loss Run Report Analysis
AI Loss Run Report Analysis
Price insurance risk with data, not guesswork
Price insurance risk with data, not guesswork
V7 Go's agent automates the review of complex loss run reports from any carrier, extracting and structuring claims data to give underwriters a clear, data-driven view of an applicant's risk profile.
What is it
What is it
Underwriting Risk Assessment
A Loss Run Report is an insured's claims history. It is a core document underwriters use to analyze past performance and price future risk.
How is it solved today?
Underwriters manually key data from inconsistent PDF and spreadsheet formats into their systems a slow error-prone process that is a major quoting bottleneck.
How is it solved today?
Underwriters manually key data from inconsistent PDF and spreadsheet formats into their systems a slow error-prone process that is a major quoting bottleneck.
How is it solved today?
Underwriters manually key data from inconsistent PDF and spreadsheet formats into their systems a slow error-prone process that is a major quoting bottleneck.
Why V7 Go
V7 Go automates the extraction and analysis of any loss run report providing a clean structured data output with key metrics calculated in minutes.
Why V7 Go
V7 Go automates the extraction and analysis of any loss run report providing a clean structured data output with key metrics calculated in minutes.
Why V7 Go
V7 Go automates the extraction and analysis of any loss run report providing a clean structured data output with key metrics calculated in minutes.
Time comparison
Time comparison
Time comparison
Traditional way
1-2 hours
1-2 hours
With V7 Go agents
5 minutes
5 minutes
Average time saved
95%
95%
Why V7 Go
Analyze loss run reports and ACORD applications.
Extract claims history, calculate loss ratios, and identify large claims.
Workflow
Workflow
Import your files
Guidewire
,
Duck Creek
,
Applied Epic
Loss Run Reports
Loss Run Reports
Loss Run Reports
ACORD Applications
ACORD Applications
ACORD Applications
SOV (Statement of Values)
SOV (Statement of Values)
SOV (Statement of Values)
Risk Engineering Reports
Risk Engineering Reports
Risk Engineering Reports
Policy Declaration Pages
Policy Declaration Pages
Policy Declaration Pages
Renewal Submissions
Renewal Submissions
Renewal Submissions
Individual Claim Details (Date, Status)
Individual Claim Details (Date, Status)
Individual Claim Details (Date, Status)
Amount Paid & Reserved per Claim
Amount Paid & Reserved per Claim
Amount Paid & Reserved per Claim
Total Incurred Losses
Total Incurred Losses
Total Incurred Losses
Calculated Loss Ratio
Calculated Loss Ratio
Calculated Loss Ratio
Claim Frequency Rate
Claim Frequency Rate
Claim Frequency Rate
Average Claim Severity
Average Claim Severity
Average Claim Severity
Identification of Large Claims
Identification of Large Claims
Identification of Large Claims
Claims by Policy Period
Claims by Policy Period
Claims by Policy Period
Claims by Type (e.g., Liability, Property)
Claims by Type (e.g., Liability, Property)
Claims by Type (e.g., Liability, Property)
Claim Description Summary
Claim Description Summary
Claim Description Summary
Why V7 Go
Why V7 Go
Automated Data Extraction
Accurately extract all claims data, including date of loss, amount paid, amount reserved, and claim status, from any report format.
Automated Data Extraction
Accurately extract all claims data, including date of loss, amount paid, amount reserved, and claim status, from any report format.
Automated Data Extraction
Accurately extract all claims data, including date of loss, amount paid, amount reserved, and claim status, from any report format.
Loss Ratio Calculation
The agent automatically calculates key underwriting metrics like loss ratios, claim frequency, and average severity.
Loss Ratio Calculation
The agent automatically calculates key underwriting metrics like loss ratios, claim frequency, and average severity.
Loss Ratio Calculation
The agent automatically calculates key underwriting metrics like loss ratios, claim frequency, and average severity.
Large Claim Flagging
Instantly identify and flag any large or catastrophic claims that require specific underwriter attention and pricing adjustments.
Large Claim Flagging
Instantly identify and flag any large or catastrophic claims that require specific underwriter attention and pricing adjustments.
Large Claim Flagging
Instantly identify and flag any large or catastrophic claims that require specific underwriter attention and pricing adjustments.
Data Standardization
Analyze the claims history to spot trends, such as an increasing frequency of small liability claims or a spike in property damage.
Data Standardization
Analyze the claims history to spot trends, such as an increasing frequency of small liability claims or a spike in property damage.
Data Standardization
Analyze the claims history to spot trends, such as an increasing frequency of small liability claims or a spike in property damage.
Data Standardization
Convert data from any carrier's loss run format into your company's standardized structure for consistent analysis.
Data Standardization
Convert data from any carrier's loss run format into your company's standardized structure for consistent analysis.
Data Standardization
Convert data from any carrier's loss run format into your company's standardized structure for consistent analysis.
Faster Quoting & Renewals
Dramatically reduce the time it takes to evaluate a submission's loss history, allowing you to deliver quotes and renewal terms faster.
Faster Quoting & Renewals
Dramatically reduce the time it takes to evaluate a submission's loss history, allowing you to deliver quotes and renewal terms faster.
Faster Quoting & Renewals
Dramatically reduce the time it takes to evaluate a submission's loss history, allowing you to deliver quotes and renewal terms faster.
V7 Go
V7 Go
V7 Go
AI-powered underwriting analysis
AI-powered underwriting analysis
for commercial insurers
Underwriters spend hours manually sifting through loss run reports, which arrive in a variety of inconsistent PDF and spreadsheet formats. They must manually identify large claims, calculate loss ratios, and spot frequency or severity trends—a slow, error-prone process that is a major bottleneck in the quoting and renewals process. Critical risk indicators are often missed.
Underwriters
Get a fast, accurate, and standardized view of an applicant's claims history, enabling you to price risk more accurately and respond to brokers faster.
Underwriters
Get a fast, accurate, and standardized view of an applicant's claims history, enabling you to price risk more accurately and respond to brokers faster.
Underwriters
Get a fast, accurate, and standardized view of an applicant's claims history, enabling you to price risk more accurately and respond to brokers faster.
Underwriting Assistants
Automate the most time-consuming part of submission triage, freeing up time to support underwriters with more complex tasks.
Underwriting Assistants
Automate the most time-consuming part of submission triage, freeing up time to support underwriters with more complex tasks.
Underwriting Assistants
Automate the most time-consuming part of submission triage, freeing up time to support underwriters with more complex tasks.
Delegate loss run analysis
Delegate loss run analysis
to an underwriting AI agent
to an underwriting AI agent
Automated Data Extraction
Accurately extract all claims data including date of loss amount paid amount reserved and claim status from any report format.
Loss Ratio Calculation
The agent automatically calculates key underwriting metrics like loss ratios claim frequency and average severity.
More agents
Next steps
Stop manually analyzing loss runs.
Let's talk
You’ll hear back in less than 24 hours
Next steps
Stop manually analyzing loss runs.
Let's talk
Next steps
Stop manually analyzing loss runs.
Let's talk
You’ll hear back in less than 24 hours
FAQ
FAQ
FAQ
Have questions?
Find answers.
What is a loss run report?
A loss run report is a detailed history of an insured's claims, provided by their insurance carrier. It is a critical document used by underwriters to assess risk and determine pricing for new policies or renewals.
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What is a loss run report?
A loss run report is a detailed history of an insured's claims, provided by their insurance carrier. It is a critical document used by underwriters to assess risk and determine pricing for new policies or renewals.
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What is a loss run report?
A loss run report is a detailed history of an insured's claims, provided by their insurance carrier. It is a critical document used by underwriters to assess risk and determine pricing for new policies or renewals.
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How does the agent handle different carrier formats?
V7 Go's AI is trained to understand the context of insurance data, allowing it to read and interpret different column headers and layouts from any carrier's report without needing custom templates.
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How does the agent handle different carrier formats?
V7 Go's AI is trained to understand the context of insurance data, allowing it to read and interpret different column headers and layouts from any carrier's report without needing custom templates.
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How does the agent handle different carrier formats?
V7 Go's AI is trained to understand the context of insurance data, allowing it to read and interpret different column headers and layouts from any carrier's report without needing custom templates.
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Can it distinguish between paid amounts and reserves?
Yes, the agent understands the different financial columns in a loss run and can accurately extract and categorize amounts that have been paid, amounts held in reserve, and total incurred costs.
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Can it distinguish between paid amounts and reserves?
Yes, the agent understands the different financial columns in a loss run and can accurately extract and categorize amounts that have been paid, amounts held in reserve, and total incurred costs.
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Can it distinguish between paid amounts and reserves?
Yes, the agent understands the different financial columns in a loss run and can accurately extract and categorize amounts that have been paid, amounts held in reserve, and total incurred costs.
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How does this help underwriters?
It frees them from manual data entry and calculation, allowing them to focus their expertise on pricing complex risks and making strategic underwriting decisions based on clean, reliable data.
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How does this help underwriters?
It frees them from manual data entry and calculation, allowing them to focus their expertise on pricing complex risks and making strategic underwriting decisions based on clean, reliable data.
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How does this help underwriters?
It frees them from manual data entry and calculation, allowing them to focus their expertise on pricing complex risks and making strategic underwriting decisions based on clean, reliable data.
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What does the final output look like?
The agent produces a structured data file (like a CSV or JSON) with the complete, standardized claims history, plus a summary report highlighting key metrics, trends, and large claims.
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What does the final output look like?
The agent produces a structured data file (like a CSV or JSON) with the complete, standardized claims history, plus a summary report highlighting key metrics, trends, and large claims.
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What does the final output look like?
The agent produces a structured data file (like a CSV or JSON) with the complete, standardized claims history, plus a summary report highlighting key metrics, trends, and large claims.
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Does V7 Go integrate with policy administration systems?
Yes, the structured data output from the agent can be automatically fed into underwriting workstations and policy administration systems like Guidewire or Duck Creek.
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Does V7 Go integrate with policy administration systems?
Yes, the structured data output from the agent can be automatically fed into underwriting workstations and policy administration systems like Guidewire or Duck Creek.
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Does V7 Go integrate with policy administration systems?
Yes, the structured data output from the agent can be automatically fed into underwriting workstations and policy administration systems like Guidewire or Duck Creek.
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