What is risk structure in SAP FS-PM - Policy Management?

SAP Term: risk structure

• Component: FS-PM

• Component Name: Policy Management

• Description: A hierarchy of risk structure nodes. The risk structure maps complex insured objects in non-Life insurance. Example The risk structure is used in US commercial liability insurance to map the internal structure of an insurable organization with its various locations 'state' and 'location' and operating activities 'classification' in a hierarchy.

Smart SAP Assistant

• Key Concepts: 
  Risk structure is a component of the SAP FS-PM Policy Management module. It is used to define the risk categories and levels that are used to assess the risk of a particular policy or process. The risk structure is composed of a hierarchy of risk categories and levels, which can be used to identify and assess the risk associated with a particular policy or process. 
  
  How to use it: 
  The risk structure can be used to define the risk categories and levels that are used to assess the risk of a particular policy or process. The risk structure is composed of a hierarchy of risk categories and levels, which can be used to identify and assess the risk associated with a particular policy or process. The risk structure can be used to create a risk assessment matrix, which can then be used to evaluate the risks associated with a particular policy or process. 
  
  Tips & Tricks: 
  When creating a risk structure, it is important to ensure that all relevant risks are included in the structure. Additionally, it is important to ensure that the risk categories and levels are clearly defined and easy to understand. Finally, it is important to ensure that the risk assessment matrix is updated regularly in order to ensure that it accurately reflects the current risks associated with a particular policy or process. 
  
  Related Information: 
  For more information on SAP FS-PM Policy Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FS-PM/en-US. Additionally, there are numerous online resources available which provide detailed information on how to use SAP FS-PM Policy Management, including tutorials and best practices.