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	🔍 '''Loss adjuster''' is ~~an independent~~ professional ~~— or a firm of such professionals — appointed to~~ ~~investigate~~, ~~evaluate~~, and ~~negotiate~~ the ~~[[Definition:Settlement \|~~ settlement]] of [[Definition:~~Claim~~ \| insurance claims]] on behalf of an [[Definition:Insurance carrier \| insurer]], [[Definition:~~Reinsurer~~ \| ~~reinsurer~~]], or sometimes a ~~[[Definition:Policyholder~~ \| ~~policyholder]]~~. ~~While~~ ~~the~~ ~~term~~ is ~~most prevalent~~ in the ~~London~~ and ~~international~~ ~~markets~~ ~~(the~~ ~~equivalent~~ ~~role~~ in the United ~~States~~ is ~~often~~ ~~called~~ a [[Definition:Claims ~~adjuster~~ \| claims ~~adjuster~~]] or ~~independent~~ ~~adjuster),~~ ~~loss~~ ~~adjusters~~ ~~serve~~ ~~the~~ ~~same~~ ~~essential~~ ~~function~~: ~~they~~ ~~bridge~~ ~~the~~ ~~gap~~ ~~between~~ ~~the~~ ~~reported~~ ~~event~~ and an ~~accurate~~, ~~defensible~~ ~~assessment~~ of the [[Definition:Loss \| loss]]. ~~Their~~ ~~independence~~ ~~from both~~ the ~~insurer~~ ~~and~~ ~~the~~ ~~claimant~~ ~~lends~~ ~~credibility~~ to ~~the~~ ~~adjustment~~ ~~process~~.		🔎 '''Loss adjuster''' is a professional who investigates, evaluates, and negotiates the settlement of [[Definition:Insurance claim \| insurance claims]] on behalf of an [[Definition:Insurance carrier \| insurer]], a [[Definition:Policyholder \| policyholder]], or sometimes as an independent third party. Known as a "claims adjuster" in the United States and Canada and commonly referred to as a "loss adjuster" in the United Kingdom, Australia, and much of the international market, this role is central to the [[Definition:Claims management \| claims process]] across virtually every line of business — from [[Definition:Property insurance \| property]] and [[Definition:Marine insurance \| marine]] to [[Definition:Liability insurance \| liability]] and [[Definition:Business interruption insurance \| business interruption]]. The terminology and regulatory framework differ by jurisdiction, but the core function is consistent: determining the cause and extent of a [[Definition:Loss \| loss]], verifying coverage under the [[Definition:Insurance policy \| policy]], and arriving at a fair settlement figure.

			⚙️ The claims adjustment process begins when a loss is reported, at which point the adjuster inspects the damage, gathers evidence, reviews the policy terms, and calculates the amount payable. In many markets, adjusters are categorized by who they represent. "Staff adjusters" or "in-house adjusters" work directly for the insurer, while "independent adjusters" are contracted by insurers to handle claims — often in regions where the insurer lacks local presence or during [[Definition:Catastrophe \| catastrophe]] events when claim volumes overwhelm internal capacity. In the United States, "public adjusters" represent the policyholder's interests, advocating for a higher settlement, and are licensed separately from adjusters who work for insurers. The UK and international markets rely heavily on chartered loss adjusters — professionals accredited by bodies such as the Chartered Institute of Loss Adjusters (CILA) — who are often appointed as independent experts and whose findings carry significant weight with both parties. In large or complex claims, particularly in commercial and [[Definition:Specialty insurance \| specialty lines]], loss adjusters may work alongside [[Definition:Forensic accountant \| forensic accountants]], engineers, and legal counsel to quantify losses and resolve coverage disputes.
	⚙️ When a significant or complex claim arises — such as a major [[Definition:Property insurance \| property]] fire, a [[Definition:Marine insurance \| marine cargo]] loss, or a [[Definition:Business interruption insurance \| business interruption]] event — the insurer assigns or appoints a loss adjuster to visit the loss site, gather evidence, review the [[Definition:Policy \| policy]] wording, and prepare a detailed report quantifying the covered damage. The adjuster assesses whether the claim falls within the [[Definition:Coverage \| scope of coverage]], identifies any applicable [[Definition:Deductible \| deductibles]], [[Definition:Sublimit \| sublimits]], or [[Definition:Exclusion \| exclusions]], and recommends a reserve or settlement figure. In [[Definition:Subscription market \| subscription-market]] placements — common at [[Definition:Lloyd's \| Lloyd's]] — the loss adjuster's report is circulated to all participating [[Definition:Lloyd's syndicate \| syndicates]], providing a unified factual basis for agreement on the claim.

			💼 Skilled loss adjustment directly shapes an insurer's financial performance, [[Definition:Policyholder \| policyholder]] satisfaction, and reputation. An adjuster who settles claims accurately and efficiently helps the insurer manage [[Definition:Loss reserves \| reserves]] and control [[Definition:Loss adjustment expense (LAE) \| loss adjustment expenses]], while an adjuster who underpays or delays risks regulatory sanction, litigation, and reputational damage. In [[Definition:Catastrophe risk \| catastrophe]] scenarios — such as after a major typhoon in Southeast Asia or widespread flooding in Europe — the deployment of qualified adjusters at scale is one of the most operationally demanding tasks an insurer faces. The profession is being reshaped by technology: [[Definition:Insurtech \| insurtech]] platforms now use satellite imagery, drone assessments, and [[Definition:Artificial intelligence (AI) \| AI-powered]] damage estimation to accelerate field inspections, and some straightforward claims are settled through automated processes without human adjuster involvement. Nonetheless, for complex, high-value, or disputed claims, the expertise and judgment of experienced loss adjusters remain irreplaceable.
	💼 Skilled loss adjusters can materially influence an insurer's financial outcomes. A thorough, timely adjustment reduces [[Definition:Leakage \| leakage]] — the gap between what a claim should cost and what is actually paid — while also protecting the insurer against [[Definition:Fraud \| fraudulent]] or inflated claims. Conversely, a poorly handled adjustment can lead to protracted [[Definition:Litigation \| litigation]], [[Definition:Bad faith \| bad faith]] allegations, and reputational damage. Global loss adjusting firms such as Crawford, McLarens, and Sedgwick deploy specialists across dozens of countries and disciplines, enabling insurers to manage claims wherever in the world they occur and across lines as diverse as [[Definition:Energy insurance \| energy]], [[Definition:Aviation insurance \| aviation]], and [[Definition:Construction insurance \| construction]].

	'''Related concepts'''		'''Related concepts:'''
	{{Div col\|colwidth=20em}}		{{Div col\|colwidth=20em}}
⚫	* [[Definition:~~Claims~~ adjuster]]
⚫	* [[Definition:Loss adjustment expense (LAE)]]
⚫	* [[Definition:~~Loss~~]]
	* [[Definition:Claims management]]		* [[Definition:Claims management]]
		⚫	* [[Definition:Loss adjustment expense (LAE)]]
		⚫	* [[Definition:Public adjuster]]
	* [[Definition:Subrogation]]		* [[Definition:Subrogation]]
	* [[Definition:~~Independent~~ ~~adjuster~~]]		* [[Definition:Loss reserves]]
		⚫	* [[Definition:Insurance claim]]
	{{Div col end}}		{{Div col end}}

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🔍 '''Loss adjuster''' is an independent professional — or a firm of such professionals — appointed to investigate, evaluate, and negotiate the [[Definition:Settlement | settlement]] of [[Definition:Claim | insurance claims]] on behalf of an [[Definition:Insurance carrier | insurer]], [[Definition:Reinsurer | reinsurer]], or sometimes a [[Definition:Policyholder | policyholder]]. While the term is most prevalent in the London and international markets (the equivalent role in the United States is often called a [[Definition:Claims adjuster | claims adjuster]] or independent adjuster), loss adjusters serve the same essential function: they bridge the gap between the reported event and an accurate, defensible assessment of the [[Definition:Loss | loss]]. Their independence from both the insurer and the claimant lends credibility to the adjustment process.

⚙️ When a significant or complex claim arises — such as a major [[Definition:Property insurance | property]] fire, a [[Definition:Marine insurance | marine cargo]] loss, or a [[Definition:Business interruption insurance | business interruption]] event — the insurer assigns or appoints a loss adjuster to visit the loss site, gather evidence, review the [[Definition:Policy | policy]] wording, and prepare a detailed report quantifying the covered damage. The adjuster assesses whether the claim falls within the [[Definition:Coverage | scope of coverage]], identifies any applicable [[Definition:Deductible | deductibles]], [[Definition:Sublimit | sublimits]], or [[Definition:Exclusion | exclusions]], and recommends a reserve or settlement figure. In [[Definition:Subscription market | subscription-market]] placements — common at [[Definition:Lloyd's | Lloyd's]] — the loss adjuster's report is circulated to all participating [[Definition:Lloyd's syndicate | syndicates]], providing a unified factual basis for agreement on the claim.

💼 Skilled loss adjusters can materially influence an insurer's financial outcomes. A thorough, timely adjustment reduces [[Definition:Leakage | leakage]] — the gap between what a claim should cost and what is actually paid — while also protecting the insurer against [[Definition:Fraud | fraudulent]] or inflated claims. Conversely, a poorly handled adjustment can lead to protracted [[Definition:Litigation | litigation]], [[Definition:Bad faith | bad faith]] allegations, and reputational damage. Global loss adjusting firms such as Crawford, McLarens, and Sedgwick deploy specialists across dozens of countries and disciplines, enabling insurers to manage claims wherever in the world they occur and across lines as diverse as [[Definition:Energy insurance | energy]], [[Definition:Aviation insurance | aviation]], and [[Definition:Construction insurance | construction]].

'''Related concepts'''
{{Div col|colwidth=20em}}
* [[Definition:Claims adjuster]]
* [[Definition:Loss adjustment expense (LAE)]]
* [[Definition:Loss]]
* [[Definition:Claims management]]
* [[Definition:Subrogation]]
* [[Definition:Independent adjuster]]
{{Div col end}}

Definition:Loss adjuster - Revision history

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