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Commutation negotiation


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11:36 Jan 9, 2002
English to Spanish translations [PRO]
Bus/Financial / Insurance and reinsurance
English term or phrase: Commutation negotiation
Definition of "commutation" in English:
"A commutation is a form of compromise between a
direct insurance company and its reinsurer(s). A
reinsurance contract exists between these parties
and, typically, provides protection to the insurance
company for a multitude of claims of a specified type
or class. These claims may be recovered from the
reinsurer over an uncertain period into the future,
depending on the nature of loss. A commutation is a
means of releasing the reinsurer from these
obligations to indemnify in exchange for that
reinsurer paying to its cedant (the insurance
company), an agreed sum that is designed to cover all
present and future claim amounts. This sounds rather
straightforward and indeed the concept certainly is.
The process of reaching satisfactory commutations
can, however, often be a skilled, lengthy and time
consuming enterprise."
Local time: 23:13

Summary of answers provided
4 +1Negociación del Reaseguro / Reaseguramiento



1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Negociación del Reaseguro / Reaseguramiento

Reaseguro. Así lo llaman en Argentina, aunque allí existe un monopolio estatal, el INDER (Instituto Nacional de Reaseguros), en el cual las compañías de seguro deben obligatoriamente reasegurar su cartera de seguros (no sé si en forma parcial o total)
La traducción que da Routledge para communitation es conmutación, pero prefiero la respuesta que puse arriba.

Local time: 19:13
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in pair: 2664
Grading comment
Insurance layer in Spain said "conmutación" was right.

Peer comments on this answer (and responses from the answerer)
agree  Carlos Moreno: Negociación del reaseguro
1 day23 hrs
  -> Gracias, Carlos. Así lo pondría yo. Pero como el español varía tanto de un país a otro, agregué la otra opción.
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Comment: Insurance layer in Spain said "conmutación" was right.

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