What is claim-free discount class in SAP FS-CM - Claims Management?

SAP Term: claim-free discount class

• Component: FS-CM

• Component Name: Claims Management

• Description: A set of values that insurance companies in Russia use to record the discount that policyholders are entitled to on the basis of the number of claims that they make.

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• Key Concepts: 
  Claim-free discount class is a feature of the SAP FS-CM Claims Management component. It allows customers to receive discounts on their insurance premiums if they have not made any claims in the past. The discount is based on the customer's claim-free history and is applied to the premium amount. 
  
  How to use it: 
  In order to use the claim-free discount class, customers must first register with the insurance company and provide their claim-free history. The insurance company will then calculate the discount amount and apply it to the customer's premium. 
  
  Tips & Tricks: 
  It is important to keep track of your claim-free history in order to take advantage of this feature. Additionally, it is important to compare different insurance companies in order to find the best deal. 
  
  Related Information: 
  The claim-free discount class is part of the SAP FS-CM Claims Management component, which also includes features such as claims processing, claims tracking, and claims reporting. Additionally, there are other features available in the component such as policy management and risk management.