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

SAP Term: policy group

• Component: FS-RI

• Component Name: Reinsurance

• Description: A policy group groups policies that represent an accumulating risk based on specific characteristics such as object, policyholder. Policy groups are distinguished by their category.

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• Key Concepts: 
  A policy group is a feature of the FS-RI Reinsurance component of SAP. It is used to define the characteristics of a reinsurance policy, such as the type of policy, the risk covered, and the terms and conditions. The policy group also contains information about the reinsurer, such as their name and contact details. 
  
  How to use it: 
  In order to use a policy group, you must first create one in the FS-RI Reinsurance component. This can be done by entering the relevant information into the fields provided. Once created, you can assign a policy group to a reinsurance contract. This will ensure that all of the relevant information is included in the contract. 
  
  Tips & Tricks: 
  When creating a policy group, it is important to ensure that all of the necessary information is included. This will help to ensure that all of the relevant details are included in the reinsurance contract. Additionally, it is important to keep track of any changes that are made to a policy group, as this could affect the terms and conditions of the reinsurance contract. 
  
  Related Information: 
  For more information on policy groups and how they are used in FS-RI Reinsurance, please refer to SAP's documentation on the topic. Additionally, there are many online resources available which provide further information on this topic.