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Italian to English translations [PRO]
Finance (general) | | Italian term or phrase: assunzione di rischi in proprio | Hello, how is the 'proprio' translated here?
Thanks in advance
assunzione di rischi in proprio -underwriting of 'own' risk |
|  volgilKudoZ activityQuestions: 88 ( 1 open) ( 7 without valid answers) ( 1 closed without grading) Answers: 0
| Local time: 12:02
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| | direct assumption of risk | Explanation:
If for example you buy a house, you can take out fire insurance and the insurance company will assume the risk of it burining down or you can "assume the risk of fire" directly yourself. It is a simple concept and the word "assume" is used as a legal term in this sense. The word "direct" may not be needed in specific contexts (you didn't give one).
https://www.google.com/search?source=ig&hl=en&rlz=&=&q="assu... |
| Selected response from:
James (Jim) Davis
Italy
Local time: 12:02
| Grading comment Thanks
4 KudoZ points were awarded for this answer |
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Automatic update in 00:
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9 mins confidence:   peer agreement (net): +1
15 mins confidence:
1 hr confidence: planned risk assumption
Explanation:
Planned risk assumption is risk financing whereby the business treats losses as normal operating expenses recovered through the prices charged for their products or services. The risks are not assumed unwittingly. The method is usually appropriate for low impact high frequency losses.
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Note added at 1 hr (2011-12-19 21:15:01 GMT)
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All three suggested answers might be correct depending on the context.
Example sentence(s):- source: Dictionary of Insurance, C. Bennett, Prentice Hall Financial Times
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The translation workplace 
