What is bonus-malus owner in SAP FS-PMA - SAP Policy Management Add-On for Auto Insurance?

SAP Term: bonus-malus owner

• Component: FS-PMA

• Component Name: SAP Policy Management Add-On for Auto Insurance

• Description: A business partner who has been authorized by the insurance company to use the acquired claim-free discount.

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• Key Concepts: 
  A bonus-malus owner is a concept used in the FS-PMA SAP Policy Management Add-On for Auto Insurance. It is a type of risk classification system that assigns a bonus or malus (a reward or penalty) to an insurance policyholder based on their driving record. The bonus-malus owner is the person responsible for the policy and the associated bonus or malus. 
  
  How to use it: 
  The bonus-malus owner is used to determine the premium rate for an insurance policy. The bonus-malus owner is responsible for ensuring that all information related to the policyholder’s driving record is accurate and up to date. This information is then used to calculate the premium rate for the policy. 
  
  Tips & Tricks: 
  It is important to keep track of any changes in the policyholder’s driving record, as this can have an impact on the premium rate. Additionally, it is important to ensure that all information related to the bonus-malus owner is accurate and up to date, as this can also affect the premium rate. 
  
  Related Information: 
  The FS-PMA SAP Policy Management Add-On for Auto Insurance also includes other features such as risk assessment, claims management, and customer segmentation. Additionally, there are other types of risk classification systems such as age-based rating and experience rating.