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

SAP Term: loss group

• Component: FS-RI

• Component Name: Reinsurance

• Description: In reinsurance, a loss group groups losses that belong together. The criteria that determines whether losses belong together includes the cause of the loss, the peril, the loss location, or the period in which the loss occurred. A loss group groups losses so that they can be processed together in the non-proportional account for a loss event.

Smart SAP Assistant

• Key Concepts: 
  A loss group is a feature of the FS-RI Reinsurance component of SAP. It is used to group together similar losses that have occurred in a given period of time. This allows for easier analysis and reporting of the losses, as well as providing a way to track the progress of the losses over time. 
  
  How to use it: 
  In order to use the loss group feature, you must first create a loss group in the FS-RI Reinsurance component. This can be done by selecting the “Create Loss Group” option from the menu. Once created, you can then assign losses to the group by selecting them from the list of available losses. 
  
  Tips & Tricks: 
  When creating a loss group, it is important to consider how you will be using it. For example, if you are looking to track losses over time, you may want to create multiple groups with different time periods. This will allow you to easily compare and analyze the losses over different periods of time. 
  
  Related Information: 
  For more information on using the loss group feature in FS-RI Reinsurance, please refer to SAP’s documentation on the topic. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.