Which of the following best describes a claimant?

A claimant is defined as an individual who files a claim in order to seek compensation or benefits from an insurance policy. This is a fundamental concept in the insurance industry, as the claimant initiates the process that allows for the assessment of a loss and the potential payment from the insurance company.

In this context, it is important to understand how a claimant interacts with the various roles in the insurance process. While insured parties hold the policy and may have the right to file claims, it is the act of filing the claim that directly categorizes someone as a claimant. This distinction highlights the claimant's position as a person seeking a remedy for a loss, rather than as someone who manages, investigates, or approves claims—functions that are performed by other roles within the insurance framework, such as adjusters or underwriters. These roles are essential to the claims process but do not align with the definition of a claimant itself.