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

SAP Term: leading insurer commission period

• Component: FS-PM

• Component Name: Policy Management

• Description: Period in which a specific leading insurer commission rate is valid for coinsurance business. In addition to the leading insurer commission rate, it is possible to define an alternative leading insurer commission rate.

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• Key Concepts: 
  Leading insurer commission period is a feature of the SAP FS-PM Policy Management component. It allows insurers to set up a commission period for their leading insurer, which is the insurer that has the highest number of policies in a given period. This commission period is used to calculate the commission payments for the leading insurer. 
  
  How to use it: 
  In order to use the leading insurer commission period feature, insurers must first set up a commission period for their leading insurer. This can be done by entering the start and end dates of the commission period, as well as any other relevant information such as the commission rate and payment terms. Once this is done, the system will automatically calculate the commission payments for the leading insurer based on the policies that were sold during the specified period. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant information is entered correctly when setting up a commission period for a leading insurer. This includes ensuring that all policies sold during the specified period are included in the calculation, as well as any other relevant information such as payment terms and rates. Additionally, it is important to regularly review and update the commission periods to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  The leading insurer commission period feature is part of SAP FS-PM Policy Management component. For more information about this component, please refer to SAP's official documentation or contact your SAP representative.