What is leading insurer in SAP FS-PM - Policy Management?

SAP Term: leading insurer

• Component: FS-PM

• Component Name: Policy Management

• Description: Participant type in coinsurance. One of the insurance companies is the leading insurer normally the insurance company with the largest share. This is contractually documented between the insurance companies in the leading clause. This ensures that the various tasks for the leading insurer are also relevant for the other insurance companies coinsurers. The leading insurance company normally receives leading insurer commission from the coinsurers for this.

Smart SAP Assistant

• Key Concepts: 
  A leading insurer is a company that provides insurance services to its customers. In the context of SAP FS-PM Policy Management, a leading insurer is a company that has the capability to manage and administer insurance policies for its customers. 
  
  How to use it: 
  SAP FS-PM Policy Management enables leading insurers to manage and administer insurance policies for their customers. It provides features such as policy creation, policy renewal, policy cancellation, and policy tracking. It also provides tools for managing customer data, such as customer profiles, customer preferences, and customer history. 
  
  Tips & Tricks: 
  When using SAP FS-PM Policy Management, it is important to ensure that all customer data is up-to-date and accurate. This will help ensure that the policies are managed correctly and efficiently. Additionally, it is important to keep track of any changes in customer preferences or requirements so that the policies can be adjusted accordingly. 
  
  Related Information: 
  SAP FS-PM Policy Management is part of the SAP Financial Services suite of products. It is designed to help insurers manage their policies more efficiently and effectively. Additionally, it can be used to provide customers with better service by providing them with more accurate information about their policies.