First Notice of Loss (FNOL)
FNOL is the initial report a policyholder makes to an insurer when a loss or accident occurs
FAQs
- Who files the FNOL?
- Usually the policyholder, but agents, brokers, or third parties (like a body shop) can also initiate it depending on the carrier's process.
- Why is digital FNOL important?
- It captures structured data and photos at the source, reduces manual rekeying, and lets AI triage claims immediately — cutting cycle time and improving accuracy.
Related Terms
Straight-Through Processing (STP)
STP is the automated handling of a transaction
Claims Triage
The automated sorting of incoming claims by complexity, severity, or risk — routing simple claims to fast-track or straight-through processing and complex on.
Cycle Time
The total elapsed time to complete a process — most often a claim from first notice to closure.
