How To Fix FVD_INSURANCE075 - Insurance policy &1; bank details with collection authorization missing

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_INSURANCE - Messages for Insurance (Package FVVD_INSURANCE)

• Message number: 075

• Message text: Insurance policy &1; bank details with collection authorization missing

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_INSURANCE075 - Insurance policy &1; bank details with collection authorization missing ?

  The SAP error message FVD_INSURANCE075 indicates that there is an issue with an insurance policy where the bank details required for collection authorization are missing. This error typically arises in the context of financial services or insurance modules within SAP, particularly when dealing with direct debit collections or similar transactions.
  Cause:
  The error occurs due to one or more of the following reasons:
  
  Missing Bank Details: The insurance policy does not have the necessary bank account information associated with it.
  Collection Authorization: The required authorization for collecting payments via direct debit is not set up or is incomplete.
  Data Inconsistency: There may be inconsistencies in the data related to the customer or policy that prevent the system from processing the payment.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Bank Details:
  
  Navigate to the customer or policy record in SAP.
  Ensure that the bank details (such as account number, bank key, etc.) are correctly entered and saved.
  
  
  
  Verify Collection Authorization:
  
  Check if the collection authorization is set up for the customer. This can usually be found in the customer master data or the insurance policy details.
  If not set up, you may need to create or update the collection authorization.
  
  
  
  Review Policy Data:
  
  Ensure that all required fields in the insurance policy are filled out correctly.
  Look for any missing or incorrect entries that could lead to this error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific instructions related to your version of SAP and the insurance module you are using.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like BP (Business Partner) or FSP0 (Display Policy) to access and edit the relevant data.
  Authorization Roles: Ensure that the user has the necessary authorization roles to view and edit bank details and collection authorizations.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  
  By following these steps, you should be able to identify and resolve the issue causing the FVD_INSURANCE075 error message in SAP.