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SAP S/4HANA Insurance for policy management, standard edition

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Overview

SAP Fioneer digital and core insurance solutions provide the advanced policy, product, quotation, underwriting, claims, and billing, as well as incentive and commission management functionalities insurers need to improve efficiency, and customer loyalty.

Key Features

  • Configurable

  • Multi-currency

  • Multi-country

  • Multi-language

  • Multi-LoB

  • Smarter E2E processes

  • Modular architecture

  • API-enabled

  • Scalable

  • Cloud-enabled

  • In-memory database

  • Lower integration costs

Key Benefits

  • Same technology base for all Insurance components.

  • Reduced TCO due to reduced system landscape by integrating Policy Management for Insuranceinto S/4HANA.

  • Simplified system landscapes with respect to:

  • User provisioning

  • System monitoring

  • Recovery scenarios

  • Improved performance by using SAP HANA as the underlying database technology.

  • No network overhead for communication between components of S/4HANA.

  • Delivery of insurance innovations and SAP Notes in the same support package now enabled due to a single “Insurance” software component.

  • Improved integration based on harmonized cross-Insurance delivery Customizing.

  • Focus on core Policy Management for Insurance functions to reduce complexity.