1. Insurance claim settlement refers to the behavior that an insurance company performs the compensation or payment responsibilities according to the contract when the insured suffers property loss or personal life damage due to an insurance accident, or when other insurance accidents agreed in the policy require payment of insurance benefits, which directly embodies the insurance function and fulfills the insurance responsibilities.

2. Simply put, insurance claim settlement is the behavior of the insurer to deal with the claim made by the insured after the risk accident of the subject matter insured. In insurance management, insurance claim settlement is the concrete embodiment of insurance compensation function.