Goals

  • Use Policy Management efficiently
  • Describe the architecture of Policy Management
  • Get an overview of the processes and functions of Policy Management
  • Perform the most important process steps within the SAP Policy Management system

Audience

  • Application Consultant
  • Business Process Architect
  • Business Process Owner / Team Lead / Power User
  • Data Consultant / Manager
  • Help Desk / COE Support
  • Industry Specialist

Prerequisites

Essential

Recommended

  • FS300 – SAP for Insurance – Overview

Course based on software release

  • SAP Policy Management 5.1

Content

  • Overview of Policy Management architecture
  • Business Processes and Transactions:
    • New Business: Life Insurance and Personal Liability Insurance
    • Central Access, Resumption and Risk Assessment process
    • Changes to a policy
    • Reversal and Reset
  • Components within FS-PM
    • Inquiry Policy, Journal and History Management
    • Accounting Component
    • Correspondence
    • Object Management
    • Time Model
    • Fund Management
  • Product Management
    • Product Manager msg.PM
    • InForce Business Configurator
    • Master Policy Management and Mass Change