What is total assets in SAP FS-SR - Regulatory reporting for insurance companies?

SAP Term: total assets

• Component: FS-SR

• Component Name: Regulatory reporting for insurance companies

• Description: Comprises the restricted assets, consisting of premium reserve funds and other restricted assets, as well as the free assets in the capital investment area.

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• Key Concepts: 
  Total assets is a term used in the Financial Services-Solvency II Regulatory Reporting (FS-SR) component of SAP software. It is a measure of the total value of all assets owned by an insurance company. This includes both tangible and intangible assets such as cash, investments, property, and goodwill. 
  
  How to use it: 
  The FS-SR component of SAP software allows users to track and report on total assets. This includes calculating the total value of all assets owned by an insurance company, as well as tracking changes in the value of those assets over time. The FS-SR component also allows users to generate reports on total assets for regulatory purposes. 
  
  Tips & Tricks: 
  When tracking total assets with the FS-SR component of SAP software, it is important to ensure that all assets are accurately accounted for. This includes both tangible and intangible assets such as cash, investments, property, and goodwill. Additionally, it is important to regularly update the values of these assets to ensure that the total asset value is accurate. 
  
  Related Information: 
  The FS-SR component of SAP software also allows users to track and report on other financial metrics such as liabilities, equity, and net worth. Additionally, users can generate reports on these metrics for regulatory purposes.