What is insurance object in SAP FS-CD - Collections/Disbursements?

SAP Term: insurance object

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Contractual unit from the view, which is used to specify the invoicing-related parameters. Examples of insurance objects: Insurance policy Broker contract Commission contract Claim number

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• Key Concepts: 
  Insurance object is a component of the Financial Services Collection and Disbursement (FS-CD) module in SAP. It is used to manage the insurance policies of customers and to ensure that all payments are made on time. The insurance object contains information about the policy, such as the policy number, the insurer, the policy holder, and the coverage details. It also stores information about payments, such as the payment amount, payment date, and payment status. 
  
  How to use it: 
  The insurance object can be used to create and manage insurance policies for customers. It can also be used to track payments and ensure that all payments are made on time. The insurance object can be accessed through the FS-CD module in SAP. 
  
  Tips & Tricks: 
  When creating an insurance object, it is important to enter all relevant information accurately. This will ensure that all payments are made on time and that customers are not overcharged for their policies. Additionally, it is important to regularly review the insurance object to ensure that all information is up-to-date. 
  
  Related Information: 
  For more information about the FS-CD module in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips for using the FS-CD module in SAP.