As of SAP Policy Management 5.3, you can use an interface to SAP Loans Management (FS-CML) to manage policy loans in SAP Policy Management (FS-PM). In SAP Claims Management (FS-CM), this has the following effect on claims based on a contract with a policy loan: If contract reengineering is performed for such a claim, FS-CM automatically creates an internal payment to offset the currently open loan balance. This payment is not a payout to the policyholder, but an internal offset that ensures that the insurer's books are always balanced.
As soon as you save the claim, this internal payment leads to a posting in SAP Collections and Disbursements (FS-CD).
Caution
This adjustment in SAP Claims Management is available as of SAP enhancement package 7 for SAP ERP 6.0, SP08. Note the following: If you use SAP Policy Management (FS-PM) as your policy management system, the minimum release that you must use is SAP Policy Management 5.3.
Technical Name of Product Feature |
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Product Feature Is | New |
Country Dependence | Valid for all countries |
Software Component Version | Insurance 617 |
Application Component |
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Available From | SAP enhancement package 7 for SAP ERP 6.0, SP08 |
Required Business Functions | None |
In FS-CM, the following information is saved in database table ICL_LOAN_HDR
for a claim on a contract with a policy loan:
Whether the policy loan is stored in FS-CML (new function as of FS-PM 6.3) or in FS-PM (old function prior to FS-PM 5.3)
ID of policy loan
Business partner number of main borrower