How to use ICLIBNREDITSTATISTIC - IBNR Determination of Reserves

SAP Transaction Code - Details

• Transaction Code: ICLIBNREDITSTATISTIC

  Description: IBNR Determination of Reserves

  Release: S/4HANA and ECC 6

• • Program: ICL_IBNR_STATISTIC_EDIT

    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: ICLIBNREDITSTATISTIC - IBNR Determination of Reserves

  
  Overview:
  The SAP transaction code ICLIBNREDITSTATISTIC is used to determine reserves for Incurred But Not Reported (IBNR) claims. This code is used to calculate the amount of reserves that should be set aside for IBNR claims, which are claims that have been incurred but not yet reported. 
  
  Functionality: 
  This transaction code allows users to calculate the amount of reserves needed for IBNR claims. It takes into account the number of claims, the average cost of each claim, and the expected frequency of future claims. The calculation is based on historical data and can be adjusted to reflect current market conditions. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code ICLIBNREDITSTATISTIC in the command field. 
  2. Enter the necessary data such as the number of claims, average cost per claim, and expected frequency of future claims. 
  3. Click “Calculate” to generate a report with the calculated reserve amount. 
  4. Review the report and adjust any parameters as needed. 
  5. Click “Save” to save the report and reserve amount for future reference. 
  
  Other Recommendations: 
  It is important to regularly review and update the reserve amount calculated by this transaction code in order to ensure that it accurately reflects current market conditions. Additionally, it is recommended that users consult with an expert in insurance accounting before making any changes to the reserve amount calculation.