What is multiple insurance in SAP FS-CM - Claims Management?

SAP Term: multiple insurance

• Component: FS-CM

• Component Name: Claims Management

• Description: Superordinate term for: Coinsurance Double or concurrent insurance Additional insurance Multiple insurance exists if the same object is insured in more than one insurance policy, possibly with different insurance companies. Multiple insurance is permissible.

Smart SAP Assistant

• Key Concepts: 
  Multiple insurance is a feature of the FS-CM Claims Management component of SAP software. It allows for multiple insurance policies to be associated with a single claim. This allows for more efficient management of claims and helps to reduce the amount of paperwork associated with them. 
  
  How to use it: 
  To use multiple insurance, first create a claim in the FS-CM Claims Management component. Then, add the relevant insurance policies to the claim. This can be done by entering the policy numbers or by selecting them from a list of existing policies. Once all the policies have been added, they can be managed from within the claim. 
  
  Tips & Tricks: 
  When adding multiple insurance policies to a claim, it is important to ensure that all the relevant information is included. This includes policy numbers, coverage amounts, and any other details that may be required. Additionally, it is important to keep track of any changes that are made to the policies so that they can be updated in the system accordingly. 
  
  Related Information: 
  For more information on using multiple insurance in FS-CM Claims Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.