What is discount protection in SAP FS-PMA - SAP Policy Management Add-On for Auto Insurance?

SAP Term: discount protection

• Component: FS-PMA

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

• Description: In the bonus/malus rating, discount protection results in a claim not being taken into account in the case of an internal premium level. Consequently the claim does not lead to an increased premium. In the case of an external premium level, the claim results in downgrading. In Gemany, discount protection can be agreed on by the policyholder on payment of an additional premium.

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• Key Concepts: 
  Discount protection is a feature of the FS-PMA SAP Policy Management Add-On for Auto Insurance. It allows insurers to protect their customers from losing discounts due to changes in their policy or circumstances. This feature helps insurers to maintain customer loyalty and satisfaction by ensuring that their customers are not penalized for changes in their policy or circumstances.
  
  How to use it: 
  In order to use discount protection, insurers must first configure the FS-PMA SAP Policy Management Add-On for Auto Insurance. This includes setting up the discount protection rules and parameters, such as the types of discounts that can be protected and the conditions under which they can be applied. Once configured, insurers can then apply discount protection to their customers' policies.
  
  Tips & Tricks: 
  When configuring discount protection, it is important to consider the types of discounts that are most likely to be affected by changes in policy or circumstances. This will help ensure that the most important discounts are protected and that customers are not penalized for changes in their policy or circumstances.
  
  Related Information: 
  For more information on discount protection and how to configure it, please refer to the FS-PMA SAP Policy Management Add-On for Auto Insurance documentation. Additionally, you can contact your SAP representative for more information on how to configure and use this feature.