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Italian to English translations [PRO] Bus/Financial - Insurance
Italian term or phrase:lavoro diretto
Insurance company half year report:
"I premi del periodo del **lavoro diretto**, pari a XXX Euro hanno registrato un incremento dello 0,XX% rispetto al corrispondente periodo all’esercizio precedente, benché con una dinamica differenziata tra i diversi canali"
-------------------------------------------------- Note added at 1 hr (2011-09-29 16:25:51 GMT) --------------------------------------------------
It means pretty much the same thing but I can't find anything concrete to back direct earned premiums (whereas there are lots of glossary entries for direct written premiums). Thought it might be a UK/US terminology difference but lots of refs confirm that direct written premiums is also used in the US.
-------------------------------------------------- Note added at 9 days (2011-10-09 10:01:45 GMT) --------------------------------------------------
Hi Sarah, it's also know simply as 'direct premiums' (although I've often seen this translated as direct sales, which pretty much sums it up). HTH
DIRECT PREMIUMS
Property/casualty premiums collected by the insurer from policyholders, before reinsurance premiums are deducted. Insurers share some direct premiums and the risk involved with their reinsurers.
DIRECT SALES/ DIRECT RESPONSE
Method of selling insurance directly to the insured through an insurance company’s own employees, through the mail, or via the Internet. This is in lieu of using captive or exclusive agents.
Seems to me that in the link, the first answer was given referring to riassicurazioni and the asker there in fact brought up the question whether it was right, saying at the end that "sono due cose diverse"
I posted it more for the definition she found on the internet which seems to indicate something different to reinsurance:
- portafoglio del lavoro diretto italiano: tutti i contratti stipulati da imprese di assicurazione italiane, ad eccezione di quelli stipulati da loro sedi secondarie situate in Stati terzi.
- portafoglio del lavoro indiretto italiano: i contratti, ovunque stipulati, da imprese italiane o da stabilimenti in Italia di imprese aventi la sede legale in altro Stato, se l’impresa cedente è essa stessa impresa italiana o stabilimento in Italia di imprese aventi la sede legale in altro Stato.
Perhaps/hopefully this discussion will attract an insurance expert though :-)
-------------------------------------------------- Note added at 1 hr (2011-09-29 16:14:59 GMT) --------------------------------------------------
Hi Sarah - not sure about "reinsurer" actually. Reinsurance is a rather specialised form of insurance; basically the insurance co. in turn insuring itself with another insurer.
I understand this as referring to business acquired directly by the insurance company itself (think of policies taken out directly online for instance) as opposed to policies taken out through a third party, eg. an agent.
-------------------------------------------------- Note added at 1 hr (2011-09-29 16:44:04 GMT) --------------------------------------------------
Yes I had seen Ivana's answer and it makes sense in case of "riassicurazioni"; however you may want to look at this:
-------------------------------------------------- Note added at 1 hr (2011-09-29 16:25:51 GMT) --------------------------------------------------
It means pretty much the same thing but I can't find anything concrete to back direct earned premiums (whereas there are lots of glossary entries for direct written premiums). Thought it might be a UK/US terminology difference but lots of refs confirm that direct written premiums is also used in the US.
-------------------------------------------------- Note added at 9 days (2011-10-09 10:01:45 GMT) --------------------------------------------------
Hi Sarah, it's also know simply as 'direct premiums' (although I've often seen this translated as direct sales, which pretty much sums it up). HTH
DIRECT PREMIUMS
Property/casualty premiums collected by the insurer from policyholders, before reinsurance premiums are deducted. Insurers share some direct premiums and the risk involved with their reinsurers.
DIRECT SALES/ DIRECT RESPONSE
Method of selling insurance directly to the insured through an insurance company’s own employees, through the mail, or via the Internet. This is in lieu of using captive or exclusive agents.
The translation workplace 
