What is cession group in SAP FS-RI - Reinsurance?

SAP Term: cession group

• Component: FS-RI

• Component Name: Reinsurance

• Description: The cession group is a key feature of the Risk Manager functions. It bundles together the risks that are assigned within an accumulation or policy to the obligatory reinsurance program. The obligatory retentions and capacities then apply as a whole to a cession group. This means: - There is a retention for the previous insurance elements assigned to a cession group. - The assigned reinsurance capacity exists only once for the previous insurance elements. Reinsured risks with the category "Cession" are created in the system automatically or manually in groups.

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• Key Concepts: 
  Cession group is a feature of the FS-RI Reinsurance component of SAP. It is used to group together cessions, which are the reinsurance contracts that an insurer has with a reinsurer. Cession groups are used to manage the reinsurance process and to ensure that all cessions are accounted for correctly. 
  
  How to use it: 
  In order to use cession groups, an insurer must first create a cession group in the FS-RI Reinsurance component. This can be done by entering the relevant information such as the name of the cession group, the type of cession, and any other relevant details. Once the cession group has been created, it can then be used to manage the reinsurance process. 
  
  Tips & Tricks: 
  When creating a cession group, it is important to ensure that all relevant information is entered correctly. This will help to ensure that all cessions are accounted for correctly and that the reinsurance process is managed efficiently. 
  
  Related Information: 
  For more information on cession groups and how to use them in SAP FS-RI Reinsurance, please refer to the SAP Help documentation.