What is reinsurance object in SAP FS-RI - Reinsurance?

SAP Term: reinsurance object

• Component: FS-RI

• Component Name: Reinsurance

• Description: A reinsurance object is an object tangible or intangible or a person that is related to reinsured business. An object can contain specific information, such as duration of validity or location.

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• Key Concepts: 
  Reinsurance object is a component of the SAP FS-RI Reinsurance module. It is used to manage the reinsurance process, which involves transferring risk from one insurer to another. The reinsurance object allows insurers to define the terms of the reinsurance agreement, including the amount of risk to be transferred, the type of risk, and the duration of the agreement. 
  
  How to use it: 
  The reinsurance object is used to create and manage reinsurance agreements. It allows insurers to define the terms of the agreement, including the amount of risk to be transferred, the type of risk, and the duration of the agreement. The reinsurance object also allows insurers to track and monitor their reinsurance agreements. 
  
  Tips & Tricks: 
  When creating a reinsurance agreement, it is important to ensure that all terms are clearly defined and agreed upon by both parties. Additionally, it is important to ensure that all relevant information is included in the agreement, such as the amount of risk to be transferred and the duration of the agreement. 
  
  Related Information: 
  For more information on SAP FS-RI Reinsurance module, please refer to SAP's official documentation: https://help.sap.com/viewer/product/FS-RI_REINSURANCE/latest/en-US