New functionality automates the analysis of loss run data from any carrier format, delivering fast and precise claims intelligence.
SAN FRANCISCO, CA, UNITED STATES, July 16, 2026 /EINPresswire.com/ — Outmarket AI, the premier AI platform built specifically for the insurance sector, has unveiled an upgraded version of its Loss Run capabilities. This new intelligent document processing feature automatically turns unstructured loss run documents from carriers into standardized, organized claims data and automated reports. By teaming up with Loss Run Pro, Outmarket now allows agencies to automate the ordering of loss runs. From that point, Outmarket takes over the processing without requiring any manual effort. This feature lets insurance professionals eliminate manual data entry, dramatically speed up claims analysis, and provide higher-quality risk management reports to their clients.
With this update, Outmarket AI broadens the scope of its platform, which now supports more insurance workflows than any other product currently available. Dozens of Top 100 insurance agencies consistently pick Outmarket because the team has deep knowledge of the industry, agency pain points, and operational processes. Through close collaboration with customers to grasp their specific challenges, Outmarket ensures that agencies achieve outstanding results on the platform.
Loss runs are a cornerstone of insurance operations, but extracting usable data from carrier-issued loss run documents remains one of the most labor-intensive jobs in agency workflows. Each carrier uses a different format for loss run reports, and many deliver data as unstructured PDFs that are hard to parse. Agency employees spend countless hours manually entering claims data into spreadsheets, verifying totals, and reformatting information for client deliverables.
Outmarket AI tackles this problem by deploying advanced AI and intelligent document processing to automate the full loss run workflow—from document ingestion to structured data output, analysis, and client-ready reports. The platform accepts loss run documents from any carrier format through a simple drag-and-drop upload. Outmarket AI’s extraction engine reads each document, identifies individual claims, and accurately transforms them into standardized structured data, no matter how the carrier formatted the original PDF.
“Loss run analysis is one of the most time-consuming yet critical workflows in insurance operations,” said Vishal Sankhla, Co-Founder and CEO of Outmarket AI. “Every agency we work with has staff spending hours manually extracting claims data that arrives in a different format. We built Outmarket Loss Runs to solve this problem from end to end. This is not just a time saver—the improved accuracy we achieve with AI empowers agents to make informed decisions faster.”
Key Features of Loss Run Extraction:
– Universal Carrier Format Support: The platform accepts and parses loss run documents from any insurance carrier, regardless of format or structure.
– Claim-by-Claim Extraction and Review: Every claim is extracted individually and presented in a side-by-side review interface. This shows the extracted data alongside the original source document page for rapid verification.
– Automated Discrepancy Detection: The system compares extracted totals against document-stated totals and flags any variances.
– Natural Language Claims Querying: A conversational AI interface allows users to ask questions of their claims data in plain English, and get real-time analytics in response.
– Comprehensive Excel Export: The multi-tab, branded Excel export includes all claims data, summary by line of business, open claims lists, claims by year with graphics, incurred by year, and frequency and severity analysis. Exported reports automatically incorporate the agency’s logo and color scheme.
– Automated Loss Run Ordering: Outmarket AI integrates with Loss Runs Pro to enable automated loss run ordering directly from within the platform. Agencies can connect their Loss Runs Pro API key and set up automated ordering rules, such as 60, 90, or 120 days before renewal. When a carrier provides the documents, they are automatically synced into Outmarket AI and processed without manual intervention.
For insurance agencies and brokers, the capability delivers measurable operational improvements by eliminating hours of manual data entry. It provides structured loss data and client-ready reports in minutes, vastly accelerating the renewal and marketing process. Loss run data from multiple carriers can be combined into a single unified view per client, enabling cross-carrier claims analysis and consolidated reporting. Critically, the integration with Loss Runs Pro ensures a seamless process across the tools and systems that agents use every day.
“At Loss Run Pro, our mission has always been to remove the friction from acquiring loss runs,” said Reghan Brandt, Founder and CEO of Loss Run Pro. “That’s why we built an open platform designed to integrate with whatever tools and partners our agencies choose to work with. Partnering with Outmarket AI is a great example of that in action—once LRP obtains the loss run documents, they can sync seamlessly into Outmarket, giving agencies more flexibility in how they put that data to work.”
Outmarket AI’s Loss Run capabilities are currently available within the Risk Management tab of the platform. The Loss Run Pro integration for automated loss run ordering is available now via API key connection in the Integrations settings.
About Outmarket AI
Outmarket is the leading AI platform for insurance. Purpose-built for brokerages, Outmarket delivers intelligent workflows across commercial, benefits, personal lines, and specialty insurance that turn hours of manual work into minutes. Over 250 of the world’s top brokerages trust Outmarket to reduce E&O exposure, accelerate client delivery, and unlock new revenue. Outmarket is headquartered in San Francisco, California.
Learn more at https://outmarket.ai/.
About Loss Run Pro
Loss Run Pro is a software platform that automates the retrieval and organization of loss run reports for insurance agents, brokers, and carriers. By eliminating manual requests and follow-ups, Loss Run Pro helps insurance professionals access accurate claims history faster, streamlining renewals, underwriting, and risk assessment.
Founded in 2020 by insurance veteran Reghan Brandt, who saw firsthand the need to solve this industry pain point, Loss Run Pro is backed by industry experts through BTV and K2 Insurance Services. The company is headquartered in Missoula, Montana.
For more information, visit https://lossrunpro.com
Kevin LaHaise
Outmarket AI
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