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

SAP Term: cession recalculation

• Component: FS-RI

• Component Name: Reinsurance

• Description: cessions are recalculated based on a changed reinsurance program.

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• Key Concepts: 
  Cession recalculation is a feature of the FS-RI Reinsurance component of SAP. It allows for the automatic recalculation of cessions, which are the amounts of risk that an insurer transfers to a reinsurer. This feature helps to ensure that the cessions are accurate and up-to-date.
  
  How to use it: 
  To use cession recalculation, first set up the reinsurance contract in SAP. Then, enter the cession amounts for each risk that is being transferred. Finally, activate the cession recalculation feature in SAP. This will cause the system to automatically recalculate the cessions whenever there is a change in the risk profile of the insured.
  
  Tips & Tricks: 
  When setting up a reinsurance contract in SAP, it is important to make sure that all of the necessary information is entered correctly. This includes entering accurate cession amounts for each risk being transferred. Additionally, it is important to remember to activate the cession recalculation feature in order to ensure that the cessions are always up-to-date.
  
  Related Information: 
  For more information on using cession recalculation in SAP, please refer to the official SAP documentation on FS-RI Reinsurance. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.