Master Data in Broker Collections

Definition

Data that is required to allow insurance companies to regulate collection and disbursement transactions and communication with customers via third parties.

Master data in broker collections includes the following objects:

Broker
Broker Contract
Commission Contract
Broker Account
Commission Account
Clarification Account
Customer for an insurance company, managed by a broker
Customer Contract
Customer Account

Use

For more information about the usage of master data, see:

Master Data Scenarios for Broker
Create Master Data for Broker
Assign Insurance Relationship to a Broker
Replace or Delete Broker Assignment