What is subrogee in SAP FS-CM - Claims Management?

SAP Term: subrogee

• Component: FS-CM

• Component Name: Claims Management

• Description: A person who acquires, by subrogation, rights belonging to another, and who assumes the rights or claims of another the subrogor against a third party. This might be an insurer, who takes the rights of its insured to recover losses from a third party.

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• Key Concepts: 
  Subrogee is a term used in the SAP FS-CM Claims Management component. It refers to a person or entity that is legally entitled to receive payment from an insurance company for a claim that was originally made by another party. The subrogee has the right to pursue the claim and receive payment from the insurance company on behalf of the original claimant. 
  
  How to use it: 
  In SAP FS-CM Claims Management, subrogee is used to refer to a person or entity that has been legally assigned the right to pursue a claim and receive payment from an insurance company on behalf of the original claimant. This can be done by assigning the subrogee as the primary contact for the claim, or by assigning them as an additional contact. 
  
  Tips & Tricks: 
  When assigning a subrogee as a primary contact for a claim, it is important to ensure that all relevant information about the claim is provided to them. This includes any documentation related to the claim, such as medical records, police reports, and other evidence. Additionally, it is important to ensure that all communication between the subrogee and the insurance company is documented in order to avoid any potential disputes. 
  
  Related Information: 
  Subrogation is a legal concept that allows an insurance company to recover money paid out on a claim from another party who may be responsible for causing the loss or damage. This concept is closely related to subrogee, as it allows an insurance company to pursue a claim on behalf of another party in order to recover money paid out on the claim.