What is coinsurer in SAP FS-PM - Policy Management?

SAP Term: coinsurer

• Component: FS-PM

• Component Name: Policy Management

• Description: Participation type in coinsurance. One or more insurance companies are active as coinsurers. This means that they share premiums, and the risk, with the lead insurer. For this, the lead insurer normally receives leading insurer commission from the coinsurer. The coinsurer is active as a direct coinsurer or an indirect coinsurer, dependent on whether that coinsurer is directly liable for the policyholder.

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• Key Concepts: 
  Coinsurer is a term used in SAP FS-PM Policy Management. It refers to a partner in an insurance policy who shares the risk with the primary insurer. Coinsurers are typically used when the primary insurer does not have the capacity to cover the entire risk. 
  
  How to use it: 
  In SAP FS-PM Policy Management, coinsurers can be added to an insurance policy by entering their details into the system. This includes their name, address, contact information, and any other relevant information. The coinsurer will then be included in the policy and will share the risk with the primary insurer. 
  
  Tips & Tricks: 
  When adding a coinsurer to an insurance policy, it is important to ensure that all of their details are correct and up-to-date. This will help to ensure that the coinsurer is properly included in the policy and that they are able to share the risk with the primary insurer. 
  
  Related Information: 
  For more information on coinsurers and how they are used in SAP FS-PM Policy Management, please refer to the official SAP documentation.