Final answer:
An insurance claim awaiting review or further action is considered a pending claim. This status indicates that the insurance company is processing the claim and has not yet reached a decision on approval or denial.
Step-by-step explanation:
An insurance claim that is held in suspense due to review or any other reason is generally referred to as a pending claim. When a claim is designated as pending, it means that the insurance company has received the claim but has not yet made a final decision regarding its approval or denial. Factors contributing to a claim's pending status may include the need for further investigation, verification of information, or gathering additional documentation.