Loss Run

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Loss Run

Business losses (as opposed to profits) that extend over two or more periods. For example, losses over two consecutive quarters may be considered a loss run.
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LossRunner F2X is designed to reduce internal data entry and streamline back-office processing of loss runs.
Five years currently valued loss runs with expiring premiums.
By relying on paper loss runs, insurers and TPAs have been severely rationing information shared with their customers.
Prior loss runs are required even if the ownership has recently changed.
Hair loss runs in the family, with Princess Diana's father Earl Spencer losing his hair at an early age.
Real-time inquiry for policy billing, underwriting, claims and loss runs would be easily accessed through the agency management system.
The loss runs will serve another important function.
By using the historical data in loss runs and existing accident records, you can identify trends, outline costs and compare your performance to industry standards.
Known as loss runs, or loss experience, these documents usually capture information such as the annual premium, the type of policy, policy number, date of loss, date the loss was reported, name of the claimant, the type of loss (e.
For many organizations, loss runs are distributed to divisions and subsidiaries.
The loss runs, generally issued on a quarterly basis, list claims that have occurred at the insured during the quarter.
Once assigned, a user can generate reports for loss runs, with current or prior month end data, as well as monthly payment reports.