What is insured person in SAP FS-CM - Claims Management?

SAP Term: insured person

• Component: FS-CM

• Component Name: Claims Management

• Description: Person whose bodily intactness is the subject of the insurance contract.This person has no rights or obligations arising from the contract. The insured person is not necessarily identical to the policyholder.

Smart SAP Assistant

• Key Concepts: 
  Insured person is a term used in the FS-CM Claims Management component of SAP. It refers to an individual who has an insurance policy with an insurance company. The insured person is the beneficiary of the policy and is entitled to receive benefits from the insurer in the event of a claim. 
  
  How to use it: 
  In FS-CM Claims Management, the insured person is used to identify the individual who has taken out an insurance policy with an insurer. This information is used to process claims and provide benefits to the insured person. 
  
  Tips & Tricks: 
  When entering information about an insured person into FS-CM Claims Management, it is important to ensure that all relevant details are included. This includes name, address, contact details, and any other relevant information that may be required by the insurer. 
  
  Related Information: 
  The FS-CM Claims Management component of SAP also includes other terms related to insurance such as policyholder, insurer, and beneficiary. It is important to understand how these terms are related in order to effectively use FS-CM Claims Management.