What is main usage in SAP FS-PMA - SAP Policy Management Add-On for Auto Insurance?

SAP Term: main usage

• Component: FS-PMA

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

• Description: When a vehicle is changed, it may be the case that the old vehicle has not yet been cancelled when the insurance policy for the new vehicle is signed. In such cases, the corresponding bonus-malus is valid for both policies for a limited period of time: for main usage in the new policy and for auxiliary usage in the old policy. Ratings are performed only in those policies where the bonus-malus has a main usage.

Smart SAP Assistant

• Key Concepts: 
  The FS-PMA SAP Policy Management Add-On for Auto Insurance is a software solution that helps insurance companies manage their policy and claims processes. It provides a comprehensive set of tools to help insurers manage their policy and claims data, as well as automate the process of creating and managing policies. The main usage of this add-on is to streamline the policy and claims management process, allowing insurers to quickly and accurately process customer requests.
  
  How to Use It: 
  The FS-PMA SAP Policy Management Add-On for Auto Insurance can be used to create and manage policies, as well as automate the process of creating and managing policies. It also provides tools to help insurers manage their policy and claims data, such as tracking customer information, creating reports, and managing customer accounts. Additionally, it can be used to generate automated notifications when policy changes occur.
  
  Tips & Tricks: 
  When using the FS-PMA SAP Policy Management Add-On for Auto Insurance, it is important to ensure that all customer information is up-to-date and accurate. Additionally, it is important to regularly review the policy and claims data to ensure that all changes are properly documented. Finally, it is important to use the automated notifications feature to ensure that customers are aware of any changes in their policies or claims.
  
  Related Information: 
  The FS-PMA SAP Policy Management Add-On for Auto Insurance is part of the SAP suite of software solutions. Other related products include the SAP Claims Management Add-On for Auto Insurance, which helps insurers manage their claims processes; the SAP Risk Management Add-On for Auto Insurance, which helps insurers manage their risk management processes; and the SAP Customer Relationship Management Add-On for Auto Insurance, which helps insurers manage their customer relationships.