SAP IS Insurance Training
The main goal of SAP IS (Industry-Specific) Insurance Training is to impart thorough understanding of SAP solutions designed especially for the insurance sector. Using SAP IS Insurance modules, participants learn how to manage procedures including policy administration, reinsurance, claims management, and collections. The course covers SAP’s insurance-specific features, which help users in insurance companies make better decisions and streamline operations.
- 10+ Courses
- 30+ Projects
- 400 Hours
SAP IS Insurance Training is suitable for the following target audiences:
Insurance Professionals: Suitable for those employed by insurance businesses who want to improve their technical proficiency in using SAP solutions to manage policies, claims, and reinsurance.
SAP Consultants: Designed to assist clients in implementing and optimizing SAP IS Insurance solutions, SAP consultants are individuals with a background in SAP who wish to focus on the insurance industry.
IT Professionals in Insurance: Suitable for IT personnel in insurance firms who preserve and set up SAP systems by sector-specific specifications.
Business Analysts in Insurance: This section is for business analysts who want to use SAP IS Insurance features to increase process efficiency in the insurance industry.
SAP IS Insurance Consultant: Assisting clients with implementing and optimising SAP insurance modules.
Insurance Business Analyst: Using SAP IS Insurance capabilities, analyze and enhance insurance processes.
SAP Functional Analyst (Insurance): A SAP Functional Analyst (Insurance) is responsible for supporting and setting up SAP IS Insurance modules for daily operations.
SAP Implementation Specialist: Overseeing initiatives for SAP solution customization and deployment in insurance companies.
In the insurance industry, there is a significant need for SAP specialists in both the United States and Canada, particularly in fields like life, health, and property insurance. These positions provide with competitive pay and the chance to work in fast-paced workplaces where technology is essential to company operations.
- We will begin with an overview of the insurance industry, covering life, non-life, and health insurance.
- Next, we will examine essential processes in the insurance business.
- Then, we will introduce SAP IS-Insurance/SAP FS-I.
- We will also look at how SAP modules integrate.
- Finally, we will explore SAP S/4HANA in the insurance context.
- This week, we will focus on the Business Partner (BP) in insurance.
- We will cover policyholders, insured objects, and agents.
- We will also set up the organizational structure.
- Then, we will provide an overview of product structure.
- Finally, we will discuss concepts related to insurance master data.
- We will begin with insurance product configuration.
- Then, we will cover the policy lifecycle, from quotation to issuance.
- Next, we will explore policy changes and endorsements.
- We will also cover renewals and cancellations.
- Finally, we will work through hands-on policy management scenarios.
- This week, we will begin with an overview of the claims process.
- We will then cover claims creation and processing.
- Claims settlement and payments.
- Integration with Financial Institutions.
- Fraud detection methodologies.
- Insurance billing procedures.
- Premium calculations.
- Invoicing and payment processing.
- Dunning and collections.
- Integration with Accounting.
- The course covers the fundamentals of reinsurance, including both facultative and treaty aspects.
- Reinsurance settlements.
- Commission management for agents.
- Broker and intermediary payments.
- Overview of regulatory compliance.
- Insurance-specific reporting.
- Regulatory and statutory reporting.
- The system includes Key Performance Indicators and dashboards.
- Data migration concepts.
- SAP Fiori for Insurance.
- End-to-end insurance business case.
- Cross-module integration
- System configuration review
- Final project presentation
- Interview & career guidance
SAP IS-Insurance is an industry-specific SAP solution designed to support core insurance processes like policy management, claims, billing, and reinsurance.
- SAP functional consultants
- Insurance industry professionals
- Fresh graduates entering ERP careers
- IT professionals transitioning into Insurance domain
No. The basic course covers insurance concepts before moving into SAP configurations.
Yes. The training aligns with SAP S/4HANA Insurance concepts and modern architecture.
Yes. The course includes demonstrations, exercises, and end-to-end business scenarios.
The course covers Life, Non-Life (Property & Casualty), and Health Insurance concepts.
You’ll learn claim creation, assessment, settlement, and integration with finance modules.
Yes. Guidance for SAP Insurance-related certifications and interviews is included.
- SAP IS-Insurance Consultant
- Insurance Business Analyst
- SAP FS-I Functional Consultant
- Insurance ERP Specialist
The course runs for 8 weeks and is available in online or classroom formats.
We currently offer online sessions with flexible weekday/weekend batches for 8 weeks. All sessions are recorded. You’ll have access to the recordings, along with support from instructors and peers in our learning portal.
You can register via our website https://checkmateittech.com/, or reach out to our support teams via phone, email, or WhatsApp. We’ll help you with batch schedules and payment options.
Email info@checkmateittech.com
Call Us at +1-347-408-2054
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Job opportunities in USA and Canada
SAP Ariba Consultant: Improving business procurement procedures by implementing and configuring SAP Ariba solutions.
Procurement Analyst: Analyze and optimize purchasing activities with SAP Ariba to guarantee effective supplier management and sourcing.
Supply Chain Manager: Using SAP Ariba’s integrated tools, managing supplier relationships and supply chain activities.
SAP Ariba System Administrator: The SAP Ariba system administrator manages the system’s technical configuration, upkeep, and troubleshooting to ensure seamless functioning.
Industries like manufacturing, retail, healthcare, and IT are actively looking for people with SAP Ariba experience in both the USA and Canada. In the dynamic fields of supply chain and procurement, these positions provide prospects for professional advancement and excellent compensation.
