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Loss Run Processing

Access loss history data and insights faster

Increase efficiency and cut costs by automating loss run processing with Roots. Get loss run data to your underwriters faster with Roots' Loss Run AI Agent automating data extraction and data entry and ensuring data accuracy.

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Loss Run 2

Top insurance companies trust Roots

bhsi
eastern-alliance
carisk
engle-martin
scor
zenith
bhhc
cia
enumclaw
bk-guard
protective
pearl-insurance
bhsi
eastern-alliance
carisk
engle-martin
scor
zenith
bhhc
cia
enumclaw
bk-guard
protective
pearl-insurance
bhsi
eastern-alliance
carisk
engle-martin
scor
zenith
bhhc
cia
enumclaw
bk-guard
protective
pearl-insurance
bhsi
eastern-alliance
carisk
engle-martin
scor
zenith
bhhc
cia
enumclaw
bk-guard
protective
pearl-insurance
bhsi
eastern-alliance
carisk
engle-martin
scor
zenith
bhhc
cia
enumclaw
bk-guard
protective
pearl-insurance
accuracy (1)
Faster and More Accurate Processing

Achieve a dramatic 90% reduction in loss run report processing time with Roots without sacrificing accuracy. Give your underwriting team extra time for risk assessment activities and high-quality data to use. 

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Deliver Quotes Quicker without More People

Reduce quote cycle times and smooth demand peaks by automating data extraction from loss run with 98% accuracy, as well as adding underwriting and clearance team capacity without increasing staff. 

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Lower Internal and BPO Costs

Take control of your loss run processing with Roots and use AI to significantly cut costs and reduce reliance on Business Process Outsourcers (BPOs). Gain greater control over your underwriting data pipeline. 

CHALLENGE

Slow and inefficient loss run processing is losing you business 

Extracting detailed exposure and loss histories from a mix of structured and unstructured data is a challenging task, especially when each carrier has its own format. Manual processing of loss data, or reliance on BPOs to supply accurate data, slows down the process. These inefficiencies result in longer quote times and missed business opportunities. You can fix this. 

Loss Run

Instant Loss Run Data and Faster Quotes

Roots allows you to access loss run data instantly and deliver quotes quickly and without delay. Our Loss Run AI Agent is specially trained to process loss run reports 90% faster and more accurately than manual methods. Let Roots streamline your risk assessment data acquisition, accelerate quote times, and improve job satisfaction for underwriting and clearance team members. 

Request a Demo

Insurance AI Agents Support Across Business Lines

General Liability
Property
Commercial Auto
Workers Compensation
Disability
Umbrella / Excess
Professional Liability
Product Liability
Cyber
Pet
Life
Health
General Liability
Property
Commercial Auto
Workers Compensation
Disability
Umbrella / Excess
Professional Liability
Product Liability
Cyber
Pet
Life
Health
General Liability
Property
Commercial Auto
Workers Compensation
Disability
Umbrella / Excess
Professional Liability
Product Liability
Cyber
Pet
Life
Health
General Liability
Property
Commercial Auto
Workers Compensation
Disability
Umbrella / Excess
Professional Liability
Product Liability
Cyber
Pet
Life
Health
General Liability
Property
Commercial Auto
Workers Compensation
Disability
Umbrella / Excess
Professional Liability
Product Liability
Cyber
Pet
Life
Health
AI Agents - horizontal

How It Works

How Automated Loss Run Processing Works?

RECEIVE

Automated Classification 

New loss runs are automatically identified as part of the submissions intake process and separated from larger documents 

 


 

Standalone Files 

Automated monitoring of a document repository identifies individual loss run files for processing 

VALIDATE

Loss Run Data Extract 

The Loss Run AI Agent identifies and extracts over 20 standard loss run data points including: 

  • Policy Number 
  • Policy Period 
  • Claim Number 
  • Date of Loss 
  • Date of Report 
  • Description of Loss 
  • Claim Status 
  • Paids 
  • Reserves 
  • Total Incurred

 



Augment with 3
rd Party Data 

Loss run data can be augmented with data from a third parties and in-house systems to support risk assessment activities 

SUBMIT

Data Input 

Loss run data automatically added to appropriate quoting systems 

 



Underwriter Notification
 

Notifies the underwriting team that a loss run is ready for review 

BENEFITS

Eliminate Submissions Backlog and Automate Loss Run Processing with Roots

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  • Process loss run reports 90% faster and with greater accuracy. 

  • Reduce quote times and smooth demand peaks by automating the extraction of data from loss run documents.  

  • Increase underwriting and clearance team capacity without increasing staff. 

  • Reduce reliance on BPOs and external costs by automating loss run processing and gaining greater control over your processes and data. 

Ready to get started?

Schedule a personalized solution demonstration to see if Roots Automation is a fit for you.