What is flexible criteria in SAP FS-RI - Reinsurance?

SAP Term: flexible criteria

• Component: FS-RI

• Component Name: Reinsurance

• Description: Risk-specific characteristics consisting of attributes and values for attributes that are used to define and determine reinsurance.

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• Key Concepts: 
  Flexible criteria is a feature of the FS-RI Reinsurance component of SAP software. It allows users to define their own criteria for reinsurance contracts, such as the type of risk, the amount of coverage, and the duration of the contract. This makes it easier for users to tailor their reinsurance contracts to their specific needs. 
  
  How to use it: 
  To use flexible criteria in FS-RI Reinsurance, users must first define their criteria in the system. This can be done by selecting the type of risk, the amount of coverage, and the duration of the contract. Once these criteria have been defined, users can then create reinsurance contracts that meet their specific needs. 
  
  Tips & Tricks: 
  When defining flexible criteria in FS-RI Reinsurance, it is important to consider all potential risks and coverage amounts that may be needed. This will ensure that all potential reinsurance contracts are covered by the criteria defined in the system. 
  
  Related Information: 
  For more information on flexible criteria in FS-RI Reinsurance, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature in SAP software.