How To Fix AA055 - No insurance data exists for asset class &

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 055

• Message text: No insurance data exists for asset class &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message AA055 - No insurance data exists for asset class & ?

  The SAP error message AA055 ("No insurance data exists for asset class &") typically occurs in the Asset Accounting (FI-AA) module when you attempt to process an asset that does not have any insurance data defined for its asset class. This can happen during various transactions, such as asset acquisition, transfer, or when running reports that require insurance information.
  
  Cause:
  
  Missing Insurance Data: The primary cause of this error is that the asset class you are working with does not have any insurance data configured in the system.
  
  Configuration Issues: The insurance data may not have been set up correctly in the asset class configuration.
  Incorrect Asset Class: The asset being processed may be assigned to an incorrect asset class that does not have insurance data.
  
  
  Solution:
  To resolve the AA055 error, you can follow these steps:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Financial Accounting > Asset