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kans-op-nadeel

English translation: the chance of loss

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:kans-op-nadeel
English translation:the chance of loss
Entered by: xxxjarry
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14:08 Nov 1, 2008
Dutch to English translations [PRO]
Bus/Financial - Insurance / Insurance schemes
Dutch term or phrase: kans-op-nadeel
Is there a specific translation of 'kans-op-nadeel' in insurance jargon or can I translate it literally?

Examples in source text:
1. Indien het spaar- of beleggingselement de overeenkomst zodanig beheerst, dat er in slechts te verwaarlozen mate sprake is van levens- en sterftekansen, wordt niet voldaan aan de definitie van een levensverzekering. Er dient sprake te zijn van een kans op nadeel als gevolg van het rekening houden met levens- en sterftekansen. De kans op nadeel kan worden bezien vanuit de positie van de verzekeringnemer of de verzekeraar.

2. Een verzekering met een uitkering bij leven voldoet niet aan de definitie van levensverzekering als de uiteindelijke uitkering slechts gevormd wordt door de tegenwaarde van de beleggingen. Er wordt niet voldaan aan het kans-op-nadeel-vereiste. De uitkering bij leven dient te worden verhoogd met een zogenaamde bonus, waarin de sterftekans is verdisconteerd.
Bracha de Man
Local time: 07:31
the chance of loss
Explanation:
Insurable Risk

Ideal requirements of insurable risk:

* There must be a large number of exposure units
* The loss must be accidental and unintentional
* The loss must be determinable and measurable
* The loss should not be catastrophic
* The chance of loss must be calculable
* The premium must be economically feasible

http://74.125.95.104/search?q=cache:bbg0AhA691gJ:www.aon.com...


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Note added at 46 mins (2008-11-01 14:54:55 GMT)
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Law of Large Numbers.
The foundation upon which insurance rests is the law of large numbers, also known as the law of averages. Experience has shown that a certain number out of a given group of properties will probably be destroyed by fire and other perils. The larger the group of individual properties exposed to the chance of loss, the greater the accuracy with which the approximate number of future losses can be predicted.

http://216.70.126.67/library/?p=282

# Insurance

1. the chance of loss
2. the degree of probability of loss
3. the amount of possible loss to the insuring company
4. a person or thing with reference to the risk involved in providing insurance
5. the type of loss that a policy covers, as fire, storm, etc.

http://www.yourdictionary.com/risk
Selected response from:

xxxjarry
South Africa
Local time: 06:31
Grading comment
Thanks a lot Jarry!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +4the chance of lossxxxjarry


  

Answers


41 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
the chance of loss


Explanation:
Insurable Risk

Ideal requirements of insurable risk:

* There must be a large number of exposure units
* The loss must be accidental and unintentional
* The loss must be determinable and measurable
* The loss should not be catastrophic
* The chance of loss must be calculable
* The premium must be economically feasible

http://74.125.95.104/search?q=cache:bbg0AhA691gJ:www.aon.com...


--------------------------------------------------
Note added at 46 mins (2008-11-01 14:54:55 GMT)
--------------------------------------------------

Law of Large Numbers.
The foundation upon which insurance rests is the law of large numbers, also known as the law of averages. Experience has shown that a certain number out of a given group of properties will probably be destroyed by fire and other perils. The larger the group of individual properties exposed to the chance of loss, the greater the accuracy with which the approximate number of future losses can be predicted.

http://216.70.126.67/library/?p=282

# Insurance

1. the chance of loss
2. the degree of probability of loss
3. the amount of possible loss to the insuring company
4. a person or thing with reference to the risk involved in providing insurance
5. the type of loss that a policy covers, as fire, storm, etc.

http://www.yourdictionary.com/risk


xxxjarry
South Africa
Local time: 06:31
Specializes in field
Native speaker of: English
PRO pts in category: 152
Grading comment
Thanks a lot Jarry!

Peer comments on this answer (and responses from the answerer)
agree  Maria Ramon
37 mins
  -> Thank you Maria

agree  WIDIC
1 hr
  -> Thank you

agree  Kate Hudson
2 hrs
  -> Thanks Kate

agree  Andre de Vries
8 hrs
  -> Thanks Andre
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Changes made by editors
Nov 8, 2008 - Changes made by xxxjarry:
Created KOG entryKudoZ term » KOG term


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