Which stakeholders primarily utilize loss run reports in the insurance industry?

Loss run reports are primarily utilized by agents and brokers because these stakeholders need detailed insights into the claims history of their clients to effectively assess risk and determine appropriate coverage options. These reports provide a comprehensive look at a policyholder's previous losses, which helps agents and brokers in crafting tailored insurance solutions and negotiating terms with insurers.

While other stakeholders like policyholders, insurance regulators, and reinsurers may also use loss run reports, their primary audience remains agents and brokers. Policyholders may review them to understand their own loss history and its impact on future premiums, but they are not the ones who utilize these reports in the same way as agents and brokers to shape insurance strategies. Insurance regulators may have access to loss run reports to ensure compliance and oversight, but their focus is typically broader than the specific intent of using the reports for assessing individual client risks. Reinsurers might use them in evaluating the underlying risks they are assuming, but again, agents and brokers are the ones who leverage this information directly in their dealings with both clients and insurers.