How to use ICLIBNR01 - Calculation of Suppl. Reserves

SAP Transaction Code - Details

• Transaction Code: ICLIBNR01

  Description: Calculation of Suppl. Reserves

  Release: S/4HANA and ECC 6

• • Program: ICL_IBNRQUART_AGING

    Screen: 1000

    Authorization Object:

  • Development Package: ICL_IBNR

    Package Description: Processing IBNR Reserves

    Parent Package: FS-CM

  • Module/Component: FS-CM

    Description: Claims Management

Smart SAP Assistant

• SAP Tcode: ICLIBNR01 - Calculation of Suppl. Reserves

  
  Overview:
  The SAP transaction code ICLIBNR01 is used to calculate the supplementary reserves for an insurance company. This transaction code is used to calculate the amount of reserves that must be set aside in order to cover potential losses due to unforeseen events. 
  
  Functionality: 
  This transaction code allows an insurance company to calculate the amount of supplementary reserves that must be set aside in order to cover potential losses due to unforeseen events. The calculation is based on the company's current financial situation and the expected future risks. The calculation also takes into account any existing reserves that have already been set aside. 
  
  Step-by-step How to Use: 
  1. Enter the SAP transaction code ICLIBNR01 into the command field. 
  2. Enter the necessary data into the fields provided, such as the company's current financial situation and expected future risks. 
  3. Enter any existing reserves that have already been set aside. 
  4. Click “Calculate” to generate a report with the calculated amount of supplementary reserves that must be set aside. 
  5. Review the report and make any necessary adjustments before saving it for future reference. 
  
  Other Recommendations: 
  It is important to regularly review and update the calculation of supplementary reserves in order to ensure that the company is adequately prepared for any potential losses due to unforeseen events. Additionally, it is recommended that a backup copy of the report be saved in case of any system errors or data loss.