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

SAP Term: reassessable

• Component: FS-PM

• Component Name: Policy Management

• Description: The quality of a measure with regards to its suitability for resolving or reducing a technical imbalance of a policy or of in-force policies. Changes that have a positive influence on the loss ratio are suitable for a reassessement. Examples: Increase in premium income Reduction in losses incurred, for example through risk exclusions, deductibles, limits

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• Key Concepts: 
  Reassessable is a term used in SAP FS-PM Policy Management. It refers to the ability to change the assessment of a policy or process after it has been completed. This allows for more flexibility and control over the policy or process, as it can be adjusted to fit changing circumstances. 
  
  How to use it: 
  In SAP FS-PM Policy Management, reassessable can be used to modify an existing policy or process. To do this, the user must first select the policy or process they wish to reassess. Then, they can make any necessary changes to the policy or process and save their changes. 
  
  Tips & Tricks: 
  When using reassessable in SAP FS-PM Policy Management, it is important to remember that any changes made will affect all future assessments of the policy or process. Therefore, it is important to ensure that any changes made are necessary and beneficial before saving them. 
  
  Related Information: 
  For more information on reassessable in SAP FS-PM Policy Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.