What term describes a claim that has significant impact on an insurer's financial stability?

The term that accurately describes a claim that has significant impact on an insurer's financial stability is "Material Claim." A material claim is one that is substantial enough to potentially affect the financial condition of an insurance company. This term is often used in the context of regulatory frameworks, where insurers must evaluate the potential impact of claims on their reserves and overall financial health.

A material claim can influence an insurer's ability to meet its obligations to policyholders and may indicate that the insurer's risk management practices need reassessment. By understanding what constitutes a material claim, adjusters and insurers can better prepare for and manage risks associated with potentially high-cost claims, maintaining both solvency and the ability to provide coverage.

In contrast, the other terms do not convey the same level of significance regarding financial impact. For example, a statutory claim generally refers to claims arising from specific laws or regulations and may not directly relate to the financial stability of an insurer. High-impact claim, while suggestive of a serious claim, is not a formally recognized term in insurance and may lack the precise financial connotation associated with a material claim. Residual claims often pertain to leftover claims after other claims have been addressed, and they do not capture the essence of having a considerable influence on financial stability