First notice of loss (FNOL) is a critical beginning step in the overall insurance claim-handling process – and it’s important that it goes well both for the adjuster and the claimant. Yet, the FNOL data-gathering process is often subject to inefficiencies that can result in inaccurate or incomplete information, delays in claims processing, and longer cycle times. That’s why Verisk’s FNOL service was developed to streamline essential data collection at FNOL.
Verisk Launches First Notice of Loss (FNOL) Service to Help Property/Casualty Insurers Improve Claims Processing Efficiencies.
The FNOL service allows data to flow seamlessly between Verisk’s trusted virtual private cloud network and subscribers’ claim systems via existing APIs, requiring little or no IT lift.
Verisk’s FNOL prefill solution can automatically fill in certain key information in loss reports to accelerate the initial claim intake process.
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