What is 'contributory effect' in SAP FS-CM - Claims Management?

contributory effect - Overview

• Component: FS-CM

• Component Name: Claims Management

• Description: Term used in accident insurance if an illness or infirmity helped cause the accident.

contributory effect - Details

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  Key Concepts: 
  Contributory effect is a concept used in the FS-CM Claims Management component of SAP. It is used to determine the amount of compensation that should be paid to a claimant based on the degree of fault or negligence of each party involved in an incident. The contributory effect is calculated by taking into account the degree of fault or negligence of each party, as well as any other factors that may have contributed to the incident.
  
  How to use it: 
  In order to calculate the contributory effect, the user must first identify all parties involved in the incident and their respective degrees of fault or negligence. The user must then take into account any other factors that may have contributed to the incident, such as weather conditions, road conditions, etc. Once all relevant information has been gathered, the user can then calculate the contributory effect by multiplying each party’s degree of fault or negligence by a weighting factor. The resulting figure is then used to determine the amount of compensation that should be paid to the claimant.
  
  Tips & Tricks: 
  When calculating the contributory effect, it is important to ensure that all relevant information has been taken into account. This includes not only the degree of fault or negligence of each party involved in the incident, but also any other factors that may have contributed