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SAP Insurance products

Last time we wrote about a specific subsolution for an insurance company which is called SAP Insurance Analyzer. This time we want to answer the question of which products SAP is offering for the insurance industry. And as you will see, there are so many different products available for the insurance business depending on special requirements. let’s have a look at SAP for Insurance products (source SAP)

  • SAP Product Lifecycle Management for Insurance
  • SAP Quotation and Underwriting for Insurance
  • SAP Underwriting for Insurance
  • SAP Policy Management
  • SAP Policy Management Auto
  • SAP Policy Management Group Insurance
  • SAP Claims Management
  • SAP Collections and Disbursements
  • SAP Incentive and Commission Management
  • SAP S/4 HANA Insurance and reinsurance management
  • Insurance Product Engine msg.PMQ
  • SAP S/4 HANA for financial products subledger (SAP FPSL)
  • SAP Accounting for Insurance
  • SAP Insurance Analyzer
  • SAP Performance Management for Financial Services (new name: SAP PaPM)
  • SAP Fraud Management
  • SAP Insurance Sales Assistant

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Anne

Reporting based on IFRS 17 is not always easy as it seems to be - as insurance companies have several IT-systems in their portfolio, the biggest challenge, in my opinion, is to connect all of the systems to get the right data and consequently the right report.

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