How To Fix /PM0/ABR_PM_PLAUSIS370 - Reported value amount of coverage &1 exceeds sum insured

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABR_PM_PLAUSIS -

• Message number: 370

• Message text: Reported value amount of coverage &1 exceeds sum insured

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABR_PM_PLAUSIS370 - Reported value amount of coverage &1 exceeds sum insured ?

  The SAP error message /PM0/ABR_PM_PLAUSIS370 indicates that the reported value for the amount of coverage exceeds the sum insured for a particular insurance policy or coverage type. This error typically arises in the context of insurance management within SAP, particularly in modules related to insurance and risk management.
  Cause:
  
  Exceeding Coverage Limits: The primary cause of this error is that the amount of coverage being reported (e.g., for a claim or policy update) is greater than the maximum limit set in the insurance policy (sum insured).
  Data Entry Errors: There may be a mistake in the data entry, where the coverage amount was incorrectly inputted.
  Policy Configuration Issues: The insurance policy may not be configured correctly, leading to discrepancies between the coverage amount and the sum insured.
  Changes in Policy Terms: If there have been recent changes to the policy terms or limits, the reported coverage may not align with the updated terms.
  
  Solution:
  
  Verify Coverage Amount: Check the reported coverage amount and ensure it is within the limits of the sum insured. If it exceeds the limit, adjust the coverage amount accordingly.
  Review Policy Details: Access the insurance policy details in SAP to confirm the sum insured and any applicable limits. Make sure that the policy is set up correctly.
  Correct Data Entry: If the error is due to incorrect data entry, correct the values in the relevant fields and reprocess the transaction.
  Consult with Insurance Team: If there are uncertainties regarding the policy limits or coverage amounts, consult with the insurance or risk management team to clarify the terms of the policy.
  Adjust Policy Limits: If necessary and permissible, consider adjusting the sum insured in the policy to accommodate the required coverage amount, following the appropriate approval processes.
  
  Related Information:
  
  SAP Documentation: Refer to SAP Help documentation for detailed information on insurance management and error handling.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to insurance management, such as those for policy management, claims processing, and reporting.
  User Roles: Ensure that users have the appropriate roles and authorizations to make changes to insurance policies and coverage amounts.
  Training: Consider training sessions for users involved in insurance management to minimize data entry errors and improve understanding of policy limits.
  
  By following these steps, you should be able to resolve the error and ensure that the reported coverage aligns with the policy's sum insured.