What is claim bundle subtype in SAP FS-CM - Claims Management?

SAP Term: claim bundle subtype

• Component: FS-CM

• Component Name: Claims Management

• Description: More specific classification of a claim bundle type. &EXAMPLE& Examples of subtypes of the claim bundle type "Collective Subrogation Bundle": Abortion Pension insurance Examples of subtypes of the claim bundle type "Cumulative Claim": Acid rain Earthquake Flooding Storm

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• Key Concepts: 
  Claim bundle subtype is a feature of the SAP FS-CM Claims Management component. It is used to group claims into different categories, such as type of claim, severity, or other criteria. This allows for easier management and tracking of claims. 
  
  How to use it: 
  To use the claim bundle subtype feature, first create a claim bundle in the Claims Management component. Then assign a subtype to the bundle, such as “accident” or “medical”. This will allow you to easily identify and track claims that fall into that category. 
  
  Tips & Tricks: 
  When creating a claim bundle subtype, make sure to include enough detail so that you can easily identify and track claims that fall into that category. Additionally, it is important to keep the subtypes organized and up-to-date so that you can quickly find the information you need. 
  
  Related Information: 
  For more information on using the claim bundle subtype feature in SAP FS-CM Claims Management, please refer to the official SAP documentation.