How To Fix AA979 - Insurance type & requires a premium.

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 979

• Message text: Insurance type & requires a premium.

What causes this issue?

The insurance type you entered requires that you enter an insurance
premium.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You can enter an insurance premium or choose a different insurance
type that does not require a premium. You can also change the
indicator "Premium required" in the insurance type you entered. This
change is made in Customizing, under the menu option Insurance.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA979 - Insurance type & requires a premium. ?

  The SAP error message AA979 indicates that there is an issue related to the insurance type in the Asset Accounting (FI-AA) module. Specifically, it suggests that the insurance type specified for an asset requires a premium to be defined, but it is missing or not properly configured.
  Cause:
  
  Missing Premium Configuration: The insurance type assigned to the asset does not have a premium defined in the system.
  Incorrect Insurance Type: The insurance type may not be correctly set up in the system or may not be applicable for the asset in question.
  Asset Master Data Issues: The asset master data may be incomplete or incorrectly maintained, leading to this error.
  
  Solution:
  
  
  Check Insurance Type Configuration:
  
  Go to the configuration settings for insurance types in SAP (Transaction code: OAA3).
  Verify that the insurance type in question has a premium defined. If not, you will need to create or update the insurance type to include the necessary premium information.
  
  
  
  Review Asset Master Data:
  
  Use transaction code AS03 to display the asset master data.
  Check the insurance type assigned to the asset and ensure it is correct and complete.
  If necessary, update the asset master data to assign the correct insurance type.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or guidelines for setting up insurance types and premiums in your organization’s SAP system.
  
  
  
  Test Changes:
  
  After making the necessary changes, try to execute the transaction again that triggered the error to ensure that the issue is resolved.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS03: Display Asset Master Data
  OAA3: Configure Insurance Types
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message.
  User Authorization: Ensure that you have the necessary authorizations to make changes to asset master data and configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting for further assistance.