How To Fix /PM0/ABB_MESSAGES827 - Sum of premium shares is less than total premium

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABB_MESSAGES -

• Message number: 827

• Message text: Sum of premium shares is less than total premium

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABB_MESSAGES827 - Sum of premium shares is less than total premium ?

  The SAP error message /PM0/ABB_MESSAGES827 indicating that "Sum of premium shares is less than total premium" typically arises in the context of insurance or financial modules within SAP, particularly when dealing with premium calculations for policies or contracts.
  Cause:
  This error usually occurs when the total premium amount calculated for a policy or contract does not match the sum of the individual premium shares allocated to different components or participants. This discrepancy can happen due to several reasons:
  
  Data Entry Errors: Incorrect input of premium amounts or shares during policy creation or modification.
  Configuration Issues: Misconfiguration in the premium calculation settings or rules within the SAP system.
  Rounding Differences: Rounding issues that may cause the total premium to not equal the sum of the individual shares.
  Changes in Policy Terms: If the terms of the policy have changed (e.g., adjustments in coverage or rates) without corresponding updates to the premium shares.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  Review Input Data: Check the individual premium shares entered for the policy. Ensure that they add up to the total premium amount.
  Adjust Premium Shares: If there are discrepancies, adjust the premium shares so that their sum equals the total premium.
  Check Configuration: Review the configuration settings related to premium calculations in the SAP system. Ensure that they are set up correctly according to business requirements.
  Rounding Adjustments: If rounding is causing the issue, consider adjusting the rounding rules or the way premiums are calculated to ensure consistency.
  Consult Documentation: Refer to SAP documentation or help resources specific to your version and module for any additional guidance on premium calculations.
  Contact Support: If the issue persists after checking the above, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide patches or updates.
  Transaction Codes: Familiarize yourself with transaction codes related to policy management and premium calculations, such as IP01 (Create Insurance Policy) or IP02 (Change Insurance Policy).
  User Manuals: Review user manuals or training materials related to the insurance module in SAP for best practices in managing premiums and policies.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.