What is claimant in SAP FS-CM - Claims Management?

SAP Term: claimant

• Component: FS-CM

• Component Name: Claims Management

• Description: Person natural or legal claiming benefits based on an insurance policy from the insurance company. If the person is claiming benefits on his/her own behalf, this person is both requester and claimant. For information on the differentiation between claimant, requester, and insured person, read the definitions of requester and insured person.

Smart SAP Assistant

• Key Concepts: 
  A claimant is a person or organization that has submitted a claim to an insurance company. In the SAP FS-CM Claims Management component, claimants are the customers of the insurance company and are responsible for submitting claims and providing information to the insurer. 
  
  How to use it: 
  Claimants can use the SAP FS-CM Claims Management component to submit claims, view their claim status, and receive updates from the insurer. Claimants can also use the component to provide additional information or documents related to their claim. 
  
  Tips & Tricks: 
  Claimants should keep track of their claim status and any updates they receive from the insurer. They should also make sure to provide any additional information or documents requested by the insurer in a timely manner. 
  
  Related Information: 
  The SAP FS-CM Claims Management component is part of the SAP Financial Services suite of products. It is designed to help insurers manage claims more efficiently and accurately. The component also provides insurers with tools for analyzing claims data and making decisions about claims processing.