cúmulos cedidos
English translation: ceded premium
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 03:42 Mar 14, 2008 |
| Spanish to English translations [PRO] Insurance | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: PhilippID United Kingdom Local time: 04:50 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 4 | ceded premium |
| ||
| 4 | comment |
|
Answers
10 hrs confidence: 
ceded premium Explanation: in light of the discussion below.. |
| |
Grading comment
| ||
| Login to enter a peer comment (or grade) | ||
14 hrs confidence:
comment Explanation: In one of your previous questions, there was reference to 'cumulos de terremoto' which are known as 'earthquake aggregates'. It means the accumulation of exposure to risks. So I would say something like 'aggregate amounts ceded...' or 'aggregate exposure ceded...' Cession Limit Property proportional treaties nearly always contain large aggregate exposure to natural perils. In order to control aggregate amounts ceded to reinsurers in certain key zones, Cession Limit clauses have been introduced. These tend to be more acceptable to cedants than event limits as they do not impose a dollar limit on the amount of loss that may be recovered under the treaty, but are intended to impose discipline on their accumulation control . http://anziif.janison.com/anziif.portal/glossary.asp?Redirec... ACCUMULATION The number of risks (or sums insured) which are exposed to claims arising out of a single loss occurrence. Accumulations can arise in many ways - such as a number of: Buildings destroyed in the same Fire or Earthquake; Motor vehicles involved in the same collision; Passengers in the same plane; Cargoes on the same ship. Potential known exposures, (e.g. buildings exposed to earthquake) can be more easily controlled than unknown accumulations (e.g. personal accident exposure in respect of passengers on the same plane). See also CATASTROPHE EXCESS OF LOSS. http://www.compre-group.com/glossary.htm |
| |
| Login to enter a peer comment (or grade) | ||
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.
See also:
Search millions of term translations