To record a claim recovery collection entry, click in the Claims Recovery Collection List block, and then go through the following steps:

• Select the Claim No. As a result, the system will retrieve all relevant information in their designated fields;
• The Policy Number, Branch, Insurance Class, Policy Type and Business Type will be automatically retrieved by the system. Note that these fields are read-only;
• Select the Claimant Name from the predefined list; accordingly, the Claimant Type will be auto retrieved by the system;
• Select the Recovery Type. Accordingly, some fields might change;
• Select the Damage Type and Damage Side;
• The Collection Date of the claim recovery will be automatically set by the system to the date of entry. However, you can change it if so desired;
• The Recovery Date and Claim No. Also, the following fields will be automatically set by the system: Recovery type, Recoveree Name, branch policy No., insurance Business Type, policy type, Ex-rate and claimant name, claimant type, claimant loss and interest name, reserve amount
• Select the Collection Date and Payment Type;
• Enter the Actual Recovery amount. Accordingly, the system will calculate the Actual Recovery in Local Currency of the system and the Net Amount;
• Select the party that will be Accounted For when performing the actual recovery;
• Click   to save your work. The remaining fields will be automatically filled by the system upon saving or from the Claim recovery Entry check on the checkbox auto collect recovery and so the recovery transaction will be automatically transferred to the claim recovery collection list.