KudoZ home » English to German » Insurance

unitised business

German translation: Fondsgebundene (Lebens-) Versicherung

Advertisement

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.
12:53 Dec 26, 2003
English to German translations [PRO]
Bus/Financial - Insurance / insurance
English term or phrase: unitised business
This is an item in a list of risk management issues from an insurance company:

"For unitised business, units are not correctly allocated to policyholders potentially causing financial loss to the BU and/or reputational risk."

Thanks in advance...
Bernard Myers
France
Local time: 20:47
German translation:Fondsgebundene (Lebens-) Versicherung
Explanation:
"Unitised Business (F)
After deducting an amount to cover part of ha costs, each premium under a unitised contract is used to buy units at their offer price. These units are added to the contract's unit account When the insured event happens the amount of the benefit is the then bid price value of all the units in the contract's unit account. This may be subject to a minimum amount specified in money terms.

The price of the units may either relate directly to the value of the assets underlying the contract (a unit-linked contract). or may be related to an index (an index-linked contract) or may be based on smoothed asset values with a guarantee that the price of the units will not fall (a unitised with profit contract)." Siehe erste Link....

"2. Die fondsgebundenen Lebensversicherungen ("unit linked") haben meist spekulativen Charakter. Die Prämie wird von einer Bank, SIM oder Versicherungsgesellschaft in Quoten eines Investmentfonds investiert, der in der Regel einen mehr oder weniger hohen Anteil an Aktien hat. Die Rendite der Polizze hängt also von der Rendite des Fonds ab, Mindestrenditen bzw. Garantie des eingezahlten Kapitals werden meistens nicht geboten.
Bei Investmentfonds hingegen kaufen die Sparer direkt Quoten eines Fonds, ohne Bezugnahme auf eine Polizze." Siehe zweite Link....


Selected response from:

Zeyern
United States
Local time: 14:47
Grading comment
Thanks!
4 KudoZ points were awarded for this answer

Advertisement


Summary of answers provided
4Fondsgebundene (Lebens-) Versicherung
Zeyern


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Fondsgebundene (Lebens-) Versicherung


Explanation:
"Unitised Business (F)
After deducting an amount to cover part of ha costs, each premium under a unitised contract is used to buy units at their offer price. These units are added to the contract's unit account When the insured event happens the amount of the benefit is the then bid price value of all the units in the contract's unit account. This may be subject to a minimum amount specified in money terms.

The price of the units may either relate directly to the value of the assets underlying the contract (a unit-linked contract). or may be related to an index (an index-linked contract) or may be based on smoothed asset values with a guarantee that the price of the units will not fall (a unitised with profit contract)." Siehe erste Link....

"2. Die fondsgebundenen Lebensversicherungen ("unit linked") haben meist spekulativen Charakter. Die Prämie wird von einer Bank, SIM oder Versicherungsgesellschaft in Quoten eines Investmentfonds investiert, der in der Regel einen mehr oder weniger hohen Anteil an Aktien hat. Die Rendite der Polizze hängt also von der Rendite des Fonds ab, Mindestrenditen bzw. Garantie des eingezahlten Kapitals werden meistens nicht geboten.
Bei Investmentfonds hingegen kaufen die Sparer direkt Quoten eines Fonds, ohne Bezugnahme auf eine Polizze." Siehe zweite Link....





    Reference: http://actuary.uct.ac.za/resources/glossary/u.htm
    Reference: http://www.verbraucherzentrale.it/22v98d12152.html
Zeyern
United States
Local time: 14:47
Native speaker of: German
PRO pts in category: 7
Grading comment
Thanks!
Login to enter a peer comment (or grade)




Return to KudoZ list


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:



Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search