Creating Broker Master Data

Use

You create master data for brokers if you use brokers to regulate payment transactions and communication with customers .

Procedure

  1. Business Partner

    You create a broker as a business partner.

  2. Contract account

    You create a contract account for a broker.

    You can also assign multiple contract accounts to a broker, and also create a commission account (with assigned commission contract ) for a broker and a subledger clarification account. For more information, see Master Data Scenarios for Broker

  3. Insurance Object

    You create an insurance object with the broker contract internal insurance object category, for every broker.

    You can assign multiple broker contracts to a broker (a separate contract for each line of business, for example).

    You can assign a commission contract to every broker contract for the settlement of commission. The commission contract must possess the commission contract internal insurance object category. For more information, see Master Data Scenarios for Broker

    In addition to the parameters that are valid for insurance objects, regardless of their category, you create more specific attributes for the broker in the Broker Collections tab page.

    • You use the broker report category to define how communication takes place between brokers and insurance companies. This allows you to define whether a broker report is created manually, or is created or requested automatically.

    • You define the intervals in which a broker report is created.

    • You define the commission contract if you have created a commission contract for processing commission for a broker. The commission contract defined here must be assigned to the broker contract. The assignment of multiple broker contracts to a commission contract is not supported.

    • You define the clarification account if you have created a separate clarification account for clarification cases.

    • You define the categories (p remium, commission, claims, costs) for which the broker is responsible.

       

      In a broker report, items can only be entered for the categories that you have flagged on the insurance object.

    • You define whether a broker report for the broker is only posted after a payment has been received for the broker report.

    • You define whether the postings to the broker contract are posted with a due date that is shifted against the customer receivables.

    • You define whether insurance objects assigned to the broker contract are dunning using dunning by dunning procedure for insurance companies .