What is assignment of in-force business in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: assignment of in-force business

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Assignment and administration of business objects such as insurance policies, business contracts and licences and segment owners defined by the user such as commission contracts, business partners.

Smart SAP Assistant

• Key Concepts: 
  Assignment of in-force business is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to assign existing business to a new sales representative. This feature helps ensure that sales representatives are compensated for their work on existing business, even if the customer changes representatives. 
  
  How to use it: 
  To assign in-force business, users must first create a new sales representative record in the ICM system. Once the record is created, users can assign existing business to the new representative by selecting the “Assign In-Force Business” option from the ICM menu. The user will then be prompted to enter the customer’s name and the name of the new sales representative. Once this information is entered, the assignment will be complete. 
  
  Tips & Tricks: 
  When assigning in-force business, it is important to ensure that all relevant information is entered correctly. This includes the customer’s name, the name of the new sales representative, and any other relevant information. Additionally, it is important to ensure that all changes are properly documented in order to avoid any confusion or disputes down the line. 
  
  Related Information: 
  For more information on assignment of in-force business in SAP ICM, please refer to the official SAP documentation or contact your local SAP support team.