What is participation type in SAP FS-CM - Claims Management?

SAP Term: participation type

• Component: FS-CM

• Component Name: Claims Management

• Description: Defines the role of a participant within a distribution plan. &EXAMPLE& Examples from coinsurance: Leading insurer Participant

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• Key Concepts: 
  Participation type is a feature of the FS-CM Claims Management component of SAP. It is used to define the roles and responsibilities of different parties involved in a claim. It also helps to determine the amount of compensation that each party will receive. 
  
  How to use it: 
  In order to use participation type, you must first define the roles and responsibilities of each party involved in the claim. This can be done by assigning a participation type to each party. Once this is done, you can then set the amount of compensation that each party will receive. 
  
  Tips & Tricks: 
  When setting up participation types, it is important to ensure that all parties involved in the claim are properly represented. This will help to ensure that all parties receive the appropriate amount of compensation. Additionally, it is important to keep track of any changes that are made to the participation types as this could affect the amount of compensation that each party receives. 
  
  Related Information: 
  For more information on participation type, please refer to the SAP Help documentation for FS-CM Claims Management. Additionally, you can find more information on setting up and managing participation types in the SAP Knowledge Base.