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Outmarket AI has launched expanded Loss Run capabilities that automate the extraction and analysis of insurance claims data from carrier documents. The AI-powered platform converts unstructured loss run documents into standardised data and automated reports, eliminating manual data entry. The system accepts documents from any insurance carrier format and parses individual claims using intelligent document processing. Key features include automated discrepancy detection, natural language querying, and comprehensive Excel exports with frequency and severity analysis. Outmarket has partnered with Loss Run Pro to automate the ordering process. Agencies can set up automated ordering rules before renewals, with documents automatically syncing into Outmarket for processing. The platform serves over 250 brokerages globally. According to co-founder and CEO Vishal Sankhla, the capability enables agencies to transform hours of manual work into minutes whilst improving accuracy for faster decision-making.

Outmarket AI launches ai-powered Loss Run Extraction and analysis. New Capability Automates Analysis of Loss Run Data from Any Carrier Format for Rapid and Precise Claims Intelligence SAN FRANCISCO, CA, UNITED STATES, July 16, 2026 / EINPresswire.com / - Outmarket AI, the leading AI platform purpose-built for insurance, today announced the launch of its expanded Loss Run capabilities. This new intelligent document processing feature automatically converts unstructured carrier loss run documents into standardized, structured claims data and automated reports. In partnership with Loss Run Pro, Outmarket now enables agencies to automate the ordering process for loss runs. From there, Outmarket automates the processing without the need for manual intervention. The capability enables insurance professionals to eliminate manual data entry, radically accelerate claims analysis, and deliver higher-quality risk management deliverables to their clients. With this release, Outmarket AI continues to expand the breadth of its platform, which supports more insurance workflows than any other product on the market. Several of Top 100 insurance agencies consistently choose Outmarket because the team deeply understands the industry, agency pain points, and processes. In partnering closely with customers to understand unique challenges, Outmarket ensures agencies achieve exceptional results on the platform. Loss runs are foundational to insurance operations, yet the process of extracting usable data from carrier-issued loss run documents remains one of the most labor-intensive tasks in agency operations. Every carrier produces loss run reports in a different format, and many deliver data as unstructured PDFs that are difficult to parse. Agency staff spend hours manually entering claims data into spreadsheets, cross-referencing totals, and reformatting information for client deliverables. Outmarket AI addresses this challenge by applying advanced AI and intelligent document processing to automate the entire loss run workflow, from document ingestion to structured data output, analysis, and client-ready reporting. The platform accepts loss run documents in any carrier format via simple drag-and-drop upload. Outmarket AI's extraction engine parses each document, identifies individual claims, and accurately converts them into standardized structured data, regardless of 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, 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, 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. 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. 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Outmarket AI lands $20m in Series A investment. The funds will be used to expand its platform and add AI-based workflows for commercial, personal lines and specialty insurance. Outmarket AI has secured €17m ($20m) in a Series A funding round led by Permanent Capital Ventures, with additional backing from SignalFire, Fika Ventures, TTV Capital and Dash Fund. The round also drew investment from independent agency networks, agency owners and industry executives. The latest funding brings the AI-powered insurtech company's total capital raised to €21.7m. The proceeds will be used to expand its platform and add AI-based workflows for commercial, benefits, personal lines and specialty insurance. The company's software connects with agency management systems and organises brokerage data for use in operational processes. Its current functions include policy checking and loss run analysis. The system handles millions of quotes, policies, applications and loss run documents, with cumulative time savings for clients equivalent to more than a decade of manual work each month. Customers have reported reductions of up to 65% in errors and omissions through AI-supported policy comparison and gap detection, the company said. It added that some brokerages have also recorded stronger win rates and more cross-sell revenue. In March last year, Outmarket AI garnered $4.7m in seed investment, marking its official launch. Earlier this year, Outmarket appointed Alpesh Patel as chief revenue officer. He previously held senior sales roles at Salesforce and DocuSign, including work on insurance sector deals. Outmarket AI's platform includes workflows for commercial lines, benefits and personal lines, along with integrations for agency management systems such as Applied Epic, AMS360, HawkSoft and Nexsure. In December 2025, Outmarket introduced its Proposal Builder tool. The company's 2026 product plan includes an expansion intended to more than double the functions available to users. Outmarket AI CEO and co-founder Vishal Sankhla said: "Insurance is a $6tn industry that still runs on manual processes, institutional knowledge and disconnected tools. Mitiga Solutions is not building another point solution. Mitiga Solutions is building the platform that brings it all together. "What we have shipped so far is just the beginning. The workflows we are developing next will fundamentally change what is possible for a brokerage. We chose Permanent Capital Ventures to lead this round because they are operators who understand what it takes to build a category-defining company, and that is exactly what we intend to do." Give your business an edge with its leading industry insights.