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|English to Arabic translations [PRO]|
Bus/Financial - Insurance
|English term or phrase: Rent-A-Captive|
How would you translate this term into Arabic?
"A Rent-A-Captive (or Protected Cell captive facility) is basically a captive that is broken down into unlimited mini-captives or what the industry refers to as "Cells." Each cell within the Rent-A-Captive facility can be rented for a fee. Further, each cell stands on its own within the overall captive."
Thanks for your help.
|نظام تأجير التأمين الذاتي|
التأمين الذاتي=captive insurance
تسمى شركات التأمين التابعة الخاصة وهي تأمين ذاتي من قبل الشركات الكبيرة التي تسعى إلى التأمين على المخاطر العالية من خلال إقامة شركة تأمين فرعية مملوكة لها تقوم بتغطية هذه المخاطر.
An arrangement in which a captive insurer "rents" its facilities to an outside organization, thereby providing the benefits that captives offer without the financial commitments that captives require. In return for a fee (usually a percentage of the premium paid by the renter), certain captives agree to provide underwriting, rating, claims management, accounting, reinsurance, and financial expertise to unrelated organizations.
Rent-a-captive - A specialized form of captive insurance company operation designed for businesses that do not want to own a captive but want to obtain some of the advantages offered by captives. A rent-a-captive is formed by a group of investors and operated as an income-producing business. Insured who wish to participate "rent" space in the captive instead of setting up and capitalizing their own captive insurance company.
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Local time: 22:19
|Thank you, Mr. Shazly!|
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|Changes made by editors|
|Jul 15, 2008 - Changes made by Shazly:|
|Created KOG entry||KudoZ term » KOG term|| |
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