To an insurer, what is the amount paid out after a claim has been settled referred to as?

The amount paid out after a claim has been settled is referred to as "loss" in the context of insurance. In the insurance industry, the term "loss" specifically pertains to the financial impact that an insured event causes, which leads to the insurer compensating the policyholder. This can include payment for damages, medical expenses, or any other costs associated with the claim.

In this case, when a claim is filed and evaluated, the final amount that the insurer disburses to the policyholder represents the insurer's recognition of the loss that occurred due to the incident. The other terms used in the choices, while related to the claims process, do not accurately describe this specific financial transaction. "Payment" is a more general term that refers to any monetary disbursement, "claim settlement" implies the negotiation process around reaching an agreement, and "liability" refers to the insurer's obligation to pay based on the terms of the policy and the liability coverage in place. Thus, "loss" is the most precise term to indicate the payout figure in this context.