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 Loan Offset Posting for CML Loan

 

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 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.

End of the caution.

Technical Details

Technical Name of Product Feature

INS_FSCM_CML_OFFSET_POSTING

Product Feature Is

New

Country Dependence

Valid for all countries

Software Component Version

Insurance 617

Application Component

FS-CM (Claims Management)

Available From

SAP enhancement package 7 for SAP ERP 6.0, SP08

Required Business Functions

None

Effects on Existing Data

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