BROKERAGE (ICM) title: brokerage (ICM) (SAP Library - Glossary)
BROKERAGE (ICM) category: Incentive & Commission Management, Portfolio Assignment (ICM)
BROKERAGE (ICM) explained:
Remuneration for an insurance broker for arranging and/ or managing insurance contracts.
Brokerage is different from acquisition commission in that it is paid each year as a fixed percentage of the premium or other base amount throughout the whole life of the insurance contract. It is paid out for as long as the insurance contract is valid, the policyholder pays the premiums, and the insurance broker manages the contract as agreed with the insurance company.
More terms such as brokerage (ICM) in Dictionary B.
- Manual BDoc Generator:
- Help Tool that transfers the data provided by the ASCII adapter in the consolidated database and converts it, according to predefined rules, into temporary BDocs brokerage (icm) definition.
- Manual Business System:
- Help are logical senders or receivers that exchange messages by using the Integration Server and that are entered in the System Landscape Directory. The business systems in the System Landscape Directory brokerage (icm) explain.
- Manual Bump Process (IS-HT-SW):
- Help The process of applying a bump, or changing the parameters or values of a serialized product brokerage (icm) what is.
- Manual Billing Element (CO):
- Help A work breakdown structure element that can be billed. Revenue can be planned and posted on a billing element brokerage (icm) meaning.
- Manual Business Object (EP-UNI):
- Help used to model a business process. A business object is a semantic entity, which represents the smallest logical unit to take part in a business scenario. Examples of business objects in the SAP brokerage (icm) abbreviation.
