What is 'in-force business' in SAP FS-RI - Reinsurance?

in-force business - Overview

• Component: FS-RI

• Component Name: Reinsurance

• Description: Existing quantity of certain objects contracts or products for example from an enterprise. In-force business is divided into different segments depending on certain business views room or product line etc..

in-force business - Details

• 
  Key Concepts: 
  In-force business is a term used in the FS-RI Reinsurance component of SAP. It refers to the business that has already been written and is currently in effect. This includes all policies, contracts, and agreements that have been issued and are currently active. 
  
  How to use it: 
  In-force business is managed within the FS-RI Reinsurance component of SAP. This includes tracking all policies, contracts, and agreements that have been issued and are currently active. It also includes managing any changes or updates to these policies, contracts, and agreements. 
  
  Tips & Tricks: 
  When managing in-force business within the FS-RI Reinsurance component of SAP, it is important to keep track of all changes or updates to policies, contracts, and agreements. This will ensure that all information is up-to-date and accurate. 
  
  Related Information: 
  In-force business is closely related to new business, which refers to any new policies, contracts, or agreements that are being written or issued. Both in-force business and new business are managed within the FS-RI Reinsurance component of SAP.