What is underwriting in SAP FS-QUO - SAP Quotation Management?

SAP Term: underwriting

• Component: FS-QUO

• Component Name: SAP Quotation Management

• Description: The process in which the insurer evaluates the risks of insurance applications by reviewing relevant items such as the personal profile of the applicant.

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• Key Concepts: 
  Underwriting is a process used in SAP Quotation Management (FS-QUO) to assess the risk of a customer’s request for a quotation. It involves analyzing the customer’s financial information, credit history, and other factors to determine whether the customer is likely to be able to pay for the requested quotation. 
  
  How to use it: 
  Underwriting is used in SAP Quotation Management (FS-QUO) to assess the risk of a customer’s request for a quotation. The underwriting process involves analyzing the customer’s financial information, credit history, and other factors to determine whether the customer is likely to be able to pay for the requested quotation. The underwriting process can be used to determine whether or not a customer should be offered a quotation and at what terms. 
  
  Tips & Tricks: 
  When underwriting a customer’s request for a quotation, it is important to consider all relevant factors such as the customer’s financial information, credit history, and other factors. It is also important to consider any potential risks associated with offering the requested quotation. 
  
  Related Information: 
  For more information on underwriting in SAP Quotation Management (FS-QUO), please refer to the SAP Help Portal or contact your local SAP representative.