How To Fix /PM0/ABP_TM_MSG060 - &1: Premium increased from &3 to &4 through adjustment of type &2

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_TM_MSG -

• Message number: 060

• Message text: &1: Premium increased from &3 to &4 through adjustment of type &2

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?

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_TM_MSG060 - &1: Premium increased from &3 to &4 through adjustment of type &2 ?

  The SAP error message /PM0/ABP_TM_MSG060 typically relates to adjustments in premium calculations within the context of SAP's insurance or financial modules. This message indicates that a premium has been increased due to an adjustment of a specific type. Here’s a breakdown of the components of the message and potential solutions:
  Cause:
  
  Adjustment Type: The error message indicates that a premium has been adjusted from a previous value (&3) to a new value (&4) due to an adjustment of type (&2). This could be due to various reasons such as changes in policy terms, risk assessment, or regulatory requirements.
  Data Entry Errors: There may be incorrect data entries in the system that led to the premium adjustment.
  Configuration Issues: The system configuration for premium calculations may not be set up correctly, leading to unexpected adjustments.
  Business Rules: Changes in business rules or policies that govern how premiums are calculated could also trigger this message.
  
  Solution:
  
  Review Adjustment Type: Check the adjustment type (&2) to understand why the premium was increased. This may involve reviewing the business logic or rules associated with that adjustment type.
  Verify Data Entries: Ensure that all relevant data entries related to the policy and premium calculations are correct. Look for any discrepancies that may have led to the increase.
  Check Configuration: Review the configuration settings in the SAP system related to premium calculations. Ensure that they align with the business requirements and regulatory standards.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error message. This may provide insights into common causes and resolutions.
  Engage with Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance. They may have more detailed insights into the specific configuration and business processes in your organization.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide updates and patches.
  Transaction Codes: Familiarize yourself with transaction codes related to premium adjustments and policy management in SAP, such as IP01 (Create Insurance Policy) or IP02 (Change Insurance Policy).
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed. This can provide practical insights from other users who have faced the same error.
  
  By following these steps, you should be able to identify the cause of the error message and implement a suitable solution.