Policy Management in SAP S/4HANA

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SAP Fioneer digital 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 Insurance into 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.