What is degree of compensation in SAP FS-CM - Claims Management?

SAP Term: degree of compensation

• Component: FS-CM

• Component Name: Claims Management

• Description: This value is obtained from the degree of disability resulting from an accident, and it might be increased by a progressive scale. The degree of compensation multiplied by the accident insurance sum yields the indemnity amount.

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• Key Concepts: 
  Degree of compensation is a term used in SAP FS-CM Claims Management. It is a measure of the amount of compensation that a customer is entitled to receive for a claim. The degree of compensation is determined by the type of claim, the severity of the damage, and other factors. 
  
  How to use it: 
  In SAP FS-CM Claims Management, the degree of compensation is used to determine the amount of compensation that a customer is entitled to receive for a claim. The degree of compensation is calculated based on the type of claim, the severity of the damage, and other factors. The degree of compensation can be adjusted based on additional information provided by the customer or other parties involved in the claim. 
  
  Tips & Tricks: 
  When calculating the degree of compensation for a claim, it is important to consider all relevant factors such as the type of claim, the severity of the damage, and any additional information provided by the customer or other parties involved in the claim. This will ensure that an accurate and fair degree of compensation is determined. 
  
  Related Information: 
  The degree of compensation is an important factor in determining how much a customer is entitled to receive for a claim. It is important to understand how this calculation works in order to ensure that customers are receiving fair and accurate compensation for their claims. For more information about SAP FS-CM Claims Management, please visit https://help.sap.com/viewer/product/FS-CM/latest/en-US.