What is 'reserve of claimed, but unsettled losses' in SAP FS-CM - Claims Management?

reserve of claimed, but unsettled losses - Overview

• Component: FS-CM

• Component Name: Claims Management

• Description: The amount of estimated liabilities for incurred and claimed losses that have not yet been settled.

reserve of claimed, but unsettled losses - Details

• 
  Key Concepts: 
  Reserve of claimed, but unsettled losses is a term used in SAP FS-CM Claims Management. It refers to the amount of money that has been claimed by an insured party, but has not yet been settled. This amount is held in reserve until the claim is settled. 
  
  How to use it: 
  In SAP FS-CM Claims Management, the reserve of claimed, but unsettled losses is used to track the amount of money that has been claimed by an insured party, but has not yet been settled. This amount is held in reserve until the claim is settled. The reserve of claimed, but unsettled losses can be viewed in the Claims Management dashboard. 
  
  Tips & Tricks: 
  It is important to keep track of the reserve of claimed, but unsettled losses in order to ensure that all claims are settled in a timely manner. Additionally, it is important to monitor this amount on a regular basis to ensure that it does not exceed the maximum allowable limit. 
  
  Related Information: 
  For more information about SAP FS-CM Claims Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about how to use this software.