Retrieve loss runs from multiple carriers via API or structured data exchange for commercial lines underwriting

domain: insurance-general · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Identify the target carriers and their loss run delivery methods: API (preferred), ACORD XML, PDF with IDP extraction, or manual request via email/portal
  2. For API-enabled carriers, authenticate and submit a loss run request with the insured's FEIN, policy numbers, and requested experience period (typically 5 years)
  3. Parse the structured loss run response: extract policy periods, number of claims, paid losses, reserved losses, incurred losses, and open/closed claim counts by year
  4. For PDF loss runs, apply an IDP (intelligent document processing) pipeline to extract the tabular claim data and normalize it to a standard schema
  5. Aggregate loss data across carriers into a unified loss history view, flagging gaps in coverage periods or missing years
  6. Feed the normalized loss history into the underwriting workbench and calculate loss ratios and frequency/severity metrics for pricing

Known gotchas

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