What is 'unsatisfied claims coverage' in SAP FS-CM - Claims Management?

unsatisfied claims coverage - Overview

• Component: FS-CM

• Component Name: Claims Management

• Description: Insurance coverage to reimburse policyholders who have suffered a loss, but who are unable to collect compensation for damages from those responsible for the loss, possibly because the latter is uninsured.

unsatisfied claims coverage - Details

• 
  Key Concepts: 
  Unsatisfied Claims Coverage is a feature of the SAP FS-CM Claims Management component. It allows insurers to manage and track claims that have not been satisfied by the insured. This includes tracking the status of the claim, the amount of the claim, and any other relevant information. 
  
  How to use it: 
  The Unsatisfied Claims Coverage feature can be used to monitor and manage claims that have not been satisfied by the insured. This includes tracking the status of the claim, the amount of the claim, and any other relevant information. The feature also allows insurers to set up notifications for when a claim is not satisfied within a certain timeframe. 
  
  Tips & Tricks: 
  When using Unsatisfied Claims Coverage, it is important to ensure that all relevant information is tracked accurately. This includes tracking the status of the claim, the amount of the claim, and any other relevant information. Additionally, it is important to set up notifications for when a claim is not satisfied within a certain timeframe. 
  
  Related Information: 
  The Unsatisfied Claims Coverage feature is part of SAP FS-CM Claims Management component. Other features of this component include Claim Processing, Claim Adjustment, and Claim Reimbursement. Additionally, there are other components in SAP FS-CM such as Policy Administration and Risk Management that can be used in conjunction with Unsatisfied Claims Coverage.