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Insurance Loss Run Reporting

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An Insurance loss run report contains a record of all the claims a policyholder has made against his/her insurance policies. Policyholders have to provide this report to insurance carriers when they seek a new coverage or renew the current one. It is quite similar to the credit score reports prepared by commercial banks to determine the eligibility of the loan seeker. Insurance companies study the history of the claims made by the business, to assess…