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🔔 '''Notice of loss''' is the formal communication a [[Definition:Policyholder | policyholder]] or [[Definition:Claimant | claimant]] sends to an [[Definition:Insurance carrier | insurance carrier]] to report that a covered event has occurred and that a [[Definition:Claim | claim]] may follow. It represents the critical first step in the [[Definition:Claims process | claims process]], triggering the insurer's obligation to investigate, establish [[Definition:Loss reserves | reserves]], and begin adjusting the loss. Most [[Definition:Insurance policy | insurance policies]] include an express condition requiring prompt notice, and courts in many jurisdictions treat late notice as a potential ground for denial — particularly under [[Definition:Claims-made policy | claims-made]] forms where timing is fundamental to [[Definition:Coverage | coverage]].

📑 Once received, the notice of loss sets multiple operational workflows in motion. A [[Definition:Claims adjuster | claims adjuster]] or [[Definition:Third-party administrator (TPA) | third-party administrator]] reviews the submission for basic completeness — date of loss, nature of the event, affected property or injured party, and policy number — before opening a file and assigning an investigation track. In [[Definition:Reinsurance | reinsurance]] relationships, the [[Definition:Cedent | cedent]] is likewise required to notify its reinsurer within the time frame specified by the [[Definition:Reinsurance treaty | reinsurance treaty]], as late notification can jeopardize [[Definition:Reinsurance recovery | recovery]]. Modern [[Definition:Claims management system | claims management systems]] and [[Definition:Insurtech | insurtech]] solutions increasingly enable digital first notice of loss (FNOL) through mobile apps and online portals, accelerating the intake process and reducing data-entry errors.

🎯 Timely and accurate notice of loss shapes outcomes for every party in the insurance value chain. For insurers, early notification enables faster [[Definition:Subrogation | subrogation]] action, better [[Definition:Loss mitigation | loss mitigation]], and more accurate reserving — all of which feed directly into [[Definition:Loss ratio | loss ratio]] performance. For policyholders and their [[Definition:Insurance broker | brokers]], understanding the notice requirements embedded in each policy is essential to preserving coverage rights, since failing to report a loss within the contractually specified window remains one of the most common — and avoidable — reasons claims are disputed.

'''Related concepts'''
{{Div col|colwidth=20em}}
* [[Definition:First notice of loss (FNOL)]]
* [[Definition:Claims process]]
* [[Definition:Claims-made policy]]
* [[Definition:Loss reserves]]
* [[Definition:Proof of loss]]
* [[Definition:Notice period]]
{{Div col end}}

Definition:Notice of loss - Revision history

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