Comprehensive policy lifecycle management across Property&Casuality,Life,Health, and Auto.
Policy Management is the central solution for handling every step of an insurance policy’s lifecycle, from issuing and updating policies to managing renewals, cancellations, and group contracts across various lines of business such as P&C, Life, Health, and Auto.
Overview
Streamline policy management with agility, compliance, and customer trust.
Powered by advanced two‑dimensional versioning, our policy management solution gives insurers unmatched flexibility to adapt policies with ease. From future‑dated endorsements that anticipate customer needs to past‑dated adjustments that ensure accuracy, it empowers teams to respond quickly and confidently. This agility streamlines operations, builds trust, and delivers a superior policyholder experience.
Power business efficiency with pre‑configured transactions and background tasks.
Our solution delivers a comprehensive set of out‑of‑the‑box business transactions and endorsements across multiple lines of business, empowering insurers to operate with speed and confidence. Beyond core functionality, it automates hundreds of background activities for policy management, simplifying month‑end and year‑end processing. This built‑in efficiency reduces overhead, ensures compliance, and drives superior operational performance.
Enable seamless connectivity with APIs, and event streams.
Designed with modern integration in mind, the policy management solution makes all core functionality accessible through OData V4 RESTful APIs that are fast, reliable, secure, and extensible, ensuring smooth connectivity with enterprise systems. Critical processing points are exposed as events, enabling seamless consumption in a publisher/subscriber model. This architecture delivers real‑time responsiveness, scalability, and agility.
Details
Solution type
Extensions and Add-ons
Industry
Insurance
Compatibility
Works with
Features
Transform insurance with end‑to‑end policy lifecycle management
This solution empowers insurers to manage end‑to‑end policy lifecycles across P&C, life, and health with preconfigured transactions, automated processes, and Fiori screens—delivering speed, compliance, and customer‑centric experiences that transform operations and fuel growth.
Get a 360° view of customer and policy data
Gain a unified, 360° customer view by getting insights from policy, claims, collections, and commissions in one platform. Eliminate app‑switching to boost efficiency, enhance customer experience, and empower insurers with smarter, faster decision‑making.
Automate activities in policy lifecycle with preconfigured background tasks
Automate renewals, mass endorsements, future‑dated transactions, anniversaries, and more with preconfigured background tasks. Achieve pinpoint accuracy and efficiency through intelligent update jobs that minimize human supervision, streamline operations, and maximize business impact.
Plans and pricing
SAP S/4HANA for policy management, standard edition
SAP S/4HANA for policy management, non-life option, core processes
SAP S/4HANA for policy management, non-life option, core processes
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Enterprise Resource Planning |
| Industry | Insurance |
| Works with |
|
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
|
Resources
Solid policy administration for every line of business
What sets modern policy administration systems apart
Product Description
Modern Policy administration
Policy Management in SAP S/4HANA
Publisher
SAP Fioneer GmbH
End-to-end solutions for banking and insurance: Banking - reach more customers and build trust with real-time financial insights and risk control. Join over 800 banks globally who have chosen our platform. Insurance - accelerate digital insurance processes to meet customer expectations and create new revenue streams by connecting easily to the ecosystem. Finance & ESG - establish a single source of truth for profitability and turn compliance into your advantage using our integrated finance & ESG platform.
