What process follows the evaluation of a claim in the insurance industry?

The evaluation of a claim in the insurance industry is followed by claims adjustment and payment. Once a claim is evaluated, the insurer determines the validity of the claim based on the terms of the policy and the reported damages or losses. At this stage, the claims adjuster will assess the necessary amount to be paid in order to settle the claim.

This process typically involves determining the coverage applicable to the claim, and calculating any deductible amounts, which leads to the final settlement figure that the insurer agrees to pay to the policyholder. Once this evaluation is completed, the insurer proceeds with making the payment.

The other choices focus on processes that occur at different times in the insurance cycle: dispute resolution pertains to addressing disagreements regarding claims or policies, policy renewal occurs when an insurance policy is up for renewal after its term ends, and risk reassessment involves evaluating the risk associated with an insurance policy, usually performed at renewal time or at policy updates. Thus, claims adjustment and payment is the correct process that directly follows the evaluation of a claim.