Automate Loss Run Analysis to Accelerate Smarter Underwriting Decisions
Underwriters are hired for their expertise in evaluating risk, not for spending hours cleaning spreadsheets or reconciling inconsistent reports.
Yet that's exactly how many underwriting teams spend a significant portion of their day.
Before an underwriter can assess a submission, identify trends, or determine pricing, they first have to make sense of loss history, i.e., the record of past claims, including their frequency, severity, and cost. That information arrives from multiple carriers, brokers, and systems. Terminology varies. Critical information is scattered across PDFs, spreadsheets, scanned documents, and email attachments.
Only after all of that work can the actual underwriting begin.
As submission volumes continue to rise and policyholders expect faster responses, this manual process has become one of the biggest obstacles to underwriting efficiency.
Organizations looking to improve turnaround times aren't just rethinking how they evaluate risk. They're looking for better ways to automate one of the most time-consuming parts of the underwriting process: loss run analysis.
The Bottleneck Before the Decision
Loss runs provide valuable insight into an applicant's claims history, but getting from submission to underwriting decision often requires hours of manual effort.
Before they can even begin evaluating risk, underwriters typically have to:
Review loss runs from multiple carriers
Extract claims information from PDFs, spreadsheets, and scanned documents
Normalize inconsistent formats, terminology, and classifications
Reconcile duplicate or conflicting information
Organize the data into a format suitable for analysis
Only after these steps are complete can meaningful underwriting begin.
For straightforward submissions, this process may be manageable. But as risks become more complex and submission volumes grow, these repetitive tasks quickly consume valuable underwriting capacity.
It's not uncommon for underwriters to spend one to three hours preparing data for a single submission. Across hundreds or thousands of submissions each year, that translates into weeks of lost productivity.
The challenge isn't a lack of underwriting expertise. It's that too much of that expertise is spent preparing information instead of evaluating risk.
Why Traditional Approaches Fall Short
Many insurers have invested in optical character recognition (OCR) and document extraction technologies to reduce manual data entry. While these tools help capture information, they don't solve the entire problem.
Extracted data is still inconsistent. Carrier reports use different claim descriptions, reserve values, date formats, policy references, and loss classifications. Underwriters are often left validating, reorganizing, and interpreting the information before meaningful analysis can begin.
Simply extracting information doesn't accelerate underwriting. What insurers need is a solution that transforms loss runs into standardized, actionable intelligence.
Modernize Loss Run Analysis with Decisions
The Decisions Loss Run Analysis solution was built to eliminate the manual work that slows underwriting.
Rather than simply extracting information from documents, Decisions automates the entire loss run analysis process from intake through underwriting review.
With Decisions, insurers can:
Ingest loss runs from multiple carriers and document formats
Extract claims information using AI-assisted document processing
Standardize data into a consistent structure regardless of source
Analyze claims history using configurable business rules
Identify trends, exceptions, and potential risks automatically
Route submissions to the appropriate underwriter
Integrate with existing policy administration systems, underwriting workbenches, and document repositories
Instead of asking underwriters to compare multiple reports line by line, Decisions delivers a unified, organized view of claims history that's ready for evaluation.
The result is a faster, more consistent underwriting process that allows underwriters to focus on applying their expertise rather than preparing data.
Automation doesn't replace underwriting judgment. It ensures every underwriter begins with accurate, organized, and consistent information.
The Business Impact
Automating loss run analysis delivers benefits that extend far beyond document processing.
Many insurers implementing intelligent loss run automation report measurable improvements, including:
Reducing manual review time
Accelerating quote turnaround
Increasing submission capacity
Improving consistency across underwriting teams
Reducing spreadsheet dependence
Strengthening governance with clearer audit trails
Most importantly, underwriters regain time to focus on what they do best: evaluating risk, collaborating with brokers, and making confident underwriting decisions.
Rather than asking underwriters to work faster, Decisions enables the entire underwriting operation to work smarter.
Preparing Underwriting for What's Next
The insurance industry faces constant pressure to process more submissions, respond faster, and maintain consistent decision-making despite growing complexity. Organizations that continue relying on manual loss run analysis will find it increasingly difficult to keep pace.
Fortunately, modernizing this process doesn't require replacing existing underwriting systems.
The Decisions Loss Run Analysis solution integrates seamlessly with policy administration systems, underwriting workbenches, document repositories, and external data sources, allowing insurers to modernize one of the most labor-intensive parts of underwriting without disrupting their existing technology investments.
By combining AI-assisted document processing, standardized data, configurable business rules, and intelligent workflow automation, Decisions transforms loss run analysis from a manual administrative task into a strategic advantage that supports faster, more consistent underwriting decisions.
See How Decisions Modernizes Loss Run Analysis
Underwriters shouldn't spend hours manually preparing loss runs before they can begin their analysis.
The Decisions Loss Run Analysis solution helps carriers, MGAs, brokers, and underwriting teams automate the entire process—from document ingestion and data normalization to risk evaluation and workflow automation. The result is faster reviews, more consistent underwriting decisions, and greater operational efficiency across the submission lifecycle.
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