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

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