/FSIH/MSG_INSURANCE031 - Error in loan contract &1 insurance policy &2

SAP Error Message - Details

• Message type: E = Error

• Message class: /FSIH/MSG_INSURANCE -

• Message number: 031

• Message text: Error in loan contract &1 insurance policy &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

AnswerBot

• What is the cause and solution for SAP error message /FSIH/MSG_INSURANCE031 - Error in loan contract &1 insurance policy &2 ?

  The SAP error message /FSIH/MSG_INSURANCE031 typically indicates an issue related to a loan contract and an associated insurance policy. This error can arise in the context of financial services, particularly in modules dealing with loans and insurance.
  Cause:
  The error message usually points to one of the following issues:
  
  Data Inconsistency: There may be inconsistencies between the loan contract and the insurance policy, such as missing or incorrect data.
  Configuration Issues: The system configuration for the insurance module or loan processing may not be set up correctly.
  Business Rules Violation: The transaction may violate certain business rules defined in the system, such as eligibility criteria for insurance coverage on the loan.
  Missing Master Data: Required master data for either the loan or insurance policy may be missing or incomplete.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Data Consistency:
  
  Verify that the loan contract and insurance policy are correctly linked and that all required fields are filled out.
  Ensure that the loan contract number and insurance policy number are valid and exist in the system.
  
  
  
  Review Configuration:
  
  Check the configuration settings for both the loan and insurance modules in SAP. Ensure that all necessary settings are correctly defined.
  Consult with your SAP administrator or functional consultant to review the configuration.
  
  
  
  Validate Business Rules:
  
  Review the business rules related to loan contracts and insurance policies to ensure that the transaction adheres to these rules.
  If necessary, adjust the transaction to comply with the defined rules.
  
  
  
  Check Master Data:
  
  Ensure that all relevant master data (e.g., customer data, policy data) is complete and accurate.
  If any master data is missing, create or update it as needed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the error message and its implications.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in troubleshooting, such as those for viewing loan contracts and insurance policies.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution.