What is insurance portfolio in SAP FS-AM - Account Management?

SAP Term: insurance portfolio

• Component: FS-AM

• Component Name: Account Management

• Description: Specifies the grouping an insurance policy belongs to. Insurance portfolios are required to transfer insurance premiums to the insurance companies.

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• Key Concepts: 
  Insurance portfolio is a component of the SAP FS-AM Account Management module. It is used to manage and monitor the insurance portfolios of customers. It provides a comprehensive overview of the customer's insurance portfolio, including details such as policy type, coverage, and expiration date. It also allows users to track changes in the customer's insurance portfolio over time. 
  
  How to use it: 
  The Insurance Portfolio component of FS-AM Account Management can be used to create and manage customer insurance portfolios. It allows users to add new policies, view existing policies, and make changes to existing policies. It also provides a comprehensive overview of the customer's insurance portfolio, including details such as policy type, coverage, and expiration date. 
  
  Tips & Tricks: 
  When creating a new policy in the Insurance Portfolio component of FS-AM Account Management, it is important to ensure that all relevant information is entered accurately. This includes details such as policy type, coverage, and expiration date. Additionally, it is important to regularly review and update existing policies in order to ensure that they remain up-to-date. 
  
  Related Information: 
  For more information on the Insurance Portfolio component of FS-AM Account Management, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are several online resources available that provide detailed tutorials on how to use this component.