Use

Brokers and insurance processors can use this function to confirm broker report items proposed for processing in the web application Processing Broker Reports .

The confirmation means that the broker has collected the broker report item proposed for processing by the insurance company, or that the broker wants to settle an item that he/she proposed.

On confirmation, the system sets the reported amount for the broker report item to the value of the proposed amount. The system performs this amount adjustment for the lead items, such as the premium, and also for the commission that belongs to the main items - as long as the insurance company supports this for customer collection.

As confirmation means that the reported amount equals the proposed amount, the system automatically sets the standard clarification codefor equal amounts defined in Customizing for further processing of the item.

Prerequisites

You have set up the web broker type and the associated standard clarification code in Customizing for Collections/Disbursements , under  Broker Collections Settings for Processing Broker Reports with Web Application Define and Set Up Web Broker Type.

Activities

The broker or insurance processor is in the web application Processing Broker Reports , in the Proposed Items view or the Items in Worklist view. He/she selects a broker report item, clicks on Confirm , and then chooses Save .

The system automatically places the broker report item in the Confirmed view for the processed items and applies the standard clarification code for equal amounts for further processing and posting.