You show up. Your solicitor shows up. If counsel has been instructed by your solicitor they turn up if you are having the meeting at the court house. They speak to the insurers or solicitors or counsel for the other side. They barter with each other with offer and counter-offer.
Eventually, the final offer from the other side will be made. Your team will convey that to you and recommend that you accept or reject it.
The right and the responsibility for the final decision to accept or reject is actually yours.
So, the case might be settled by negotiation. If the offer is good and reasonable it is often better than the trouble of going to trial and you get your funds reasonably quickly.