What is loss run in SAP FS-CM - Claims Management?

SAP Term: loss run

• Component: FS-CM

• Component Name: Claims Management

• Description: A report summarizing the losses that have occurred over a specific period of time and that are valued as of a specific date.

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• Key Concepts: 
  Loss run is a report generated by the FS-CM Claims Management component of SAP that provides a summary of all claims and their associated costs. It includes information such as the claim number, date of loss, type of loss, amount paid, and any other relevant details. The report can be used to analyze trends in claims costs and to identify areas for cost savings.
  
  How to use it: 
  To generate a loss run report in FS-CM Claims Management, navigate to the Reports tab and select “Loss Run” from the list of available reports. Enter the desired parameters such as date range, claim type, and other criteria. Once the report is generated, it can be viewed or exported in various formats such as PDF or Excel.
  
  Tips & Tricks: 
  When generating a loss run report, it is important to ensure that all relevant criteria are included in order to get an accurate picture of the claims costs. Additionally, it is helpful to compare the results of multiple loss runs over time in order to identify any changes or trends in claims costs.
  
  Related Information: 
  For more information on FS-CM Claims Management and how to generate a loss run report, please refer to the SAP Help Portal or contact your local SAP support team.