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German to English translations [PRO]
Bus/Financial - Insurance | | German term or phrase: Depotverbindlichkeit | | Appears in the financial statement of an insurance company. |
|  EMattKudoZ activityQuestions: 454 (none open) ( 18 without valid answers) ( 24 closed without grading) Answers: 325
| | Local time: 04:28
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| | assumed portfolio | Explanation:
From the glossary linked below:
Assumed Portfolio
The transfer of in-force insurance liability by an insurer to a reinsurer (or vice versa) by the payment of the unearned premium reserve on those policies alone, or by the concurrent transfer of liability for outstanding losses under those policies by the payment of the outstanding loss reserve by the insurer to the reinsurer (or vice versa). The former is a premium portfolio, the latter a loss portfolio. |
| Selected response from:
Lothar Kneifel
Local time: 02:28
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4 KudoZ points were awarded for this answer |
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36 mins confidence:   assumed portfolio
Explanation:
From the glossary linked below:
Assumed Portfolio
The transfer of in-force insurance liability by an insurer to a reinsurer (or vice versa) by the payment of the unearned premium reserve on those policies alone, or by the concurrent transfer of liability for outstanding losses under those policies by the payment of the outstanding loss reserve by the insurer to the reinsurer (or vice versa). The former is a premium portfolio, the latter a loss portfolio.
Reference: http://www.amre.com/content/rl/amredeglossary.html
| Lothar Kneifel
Local time: 02:28
Native speaker of: English
PRO pts in category: 4
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