Italian to English translations [PRO]
Bus/Financial - Accounting | | Italian term or phrase: appostati a riserva | Part of a financial statement for an insurance company:
Il costo medio dei sinistri, pagati e appostati a riserva, è pari a 3.458 euro, in aumento del 6,7% sul dato del 2002. |
| Jenny CowdKudoZ activityQuestions: 380 ( 9 open) ( 14 without valid answers) ( 9 closed without grading) Answers: 3
| | Local time: 04:48
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| | allocated to reserves | Explanation:
this is an insurance company the reserve is for claims/risks on non-life insurance.
the average cost referred to in your sentence is the sum of claims paid + provisions for future claims (the unused portion of which is released once the insurer's liability - expected liability - expires)
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Note added at 3 hrs (2007-01-09 18:24:24 GMT)
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Most major insurers show the "change in insurance liabilities" (ie positive plus negative movements) under expenses and the language is not detailed enough for you specific case. The link below gives you one reference talking about the allocation of capital to the general insurance reserve...that is, increasing the reserve against expected claims levels. The allocation could be from current income or from capital. In this case shown, it is from capital.
http://209.85.129.104/search?q=cache:a4g-JdhFBjsJ:www.actuar...
Capital is allocated to reserves based on market-place studies of unpaid claims reserves and total risk.
Allocation to reserves is needed because we are considering unpaid claim-reserve run-off risk without new business. |
| Selected response from:
xxxDCypher
Local time: 04:48
| Grading comment thanks paul.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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20 mins confidence:  
23 mins confidence: peer agreement (net): +2 allocated to reserves
Explanation:
this is an insurance company the reserve is for claims/risks on non-life insurance.
the average cost referred to in your sentence is the sum of claims paid + provisions for future claims (the unused portion of which is released once the insurer's liability - expected liability - expires)
--------------------------------------------------
Note added at 3 hrs (2007-01-09 18:24:24 GMT)
--------------------------------------------------
Most major insurers show the "change in insurance liabilities" (ie positive plus negative movements) under expenses and the language is not detailed enough for you specific case. The link below gives you one reference talking about the allocation of capital to the general insurance reserve...that is, increasing the reserve against expected claims levels. The allocation could be from current income or from capital. In this case shown, it is from capital.
http://209.85.129.104/search?q=cache:a4g-JdhFBjsJ:www.actuar...
Capital is allocated to reserves based on market-place studies of unpaid claims reserves and total risk.
Allocation to reserves is needed because we are considering unpaid claim-reserve run-off risk without new business.
| xxxDCypher
Local time: 04:48
Specializes in field
Native speaker of:  English
PRO pts in category: 246
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