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Actif Général Vie

English translation: general assets [of a life insurance company]

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Actif Général Vie
English translation:general assets [of a life insurance company]
Entered by: Marcus Malabad
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03:01 Aug 4, 2001
French to English translations [PRO]
Bus/Financial - Insurance
French term or phrase: Actif Général Vie
In a company presentation:

"**L ’Actif Général Vie** de la Compagnie
Il se caractérise par les éléments suivants :
sa première caractéristique fondamentale est sa taille : 720 milliards de francs.
(plus de 30 fois XXXX, XX fois le plus grand fonds de XXXX)
sa deuxième caractéristique fondamentale est sa composition, puisqu’il est composé à hauteur de 80 % en actions, dont 60 % de titres européens.
Comme vous le savez, l’Actif Général des compagnies d’assurance vie est obligatoirement investi en France à hauteur de 60 % minimum en obligations (Code des Assurances).
La solidité financière de XXXX est reconnue, puisque son **Actif Général Vie** est noté AAA par Standard & Poor’s.
La commercialisation en France d ’un **Actif Général Vie** investi en actions est rendue possible par la 3ème directive européenne..."

I'm confused as to whether this is the name of an insurance product specific to the company in question, or something more general.

All help and suggestions greatly appreciated.

Thanks in advance!
Fiona Busfield
United Kingdom
general assets [of a life insurance company]
Explanation:
From the first link below:

Le compte à intérêt quotidien (CIQ) Manuvie est garanti par l'actif général de la Financière Manuvie. C'est le compte qui présente le moins de risque et la plus faible volatilité...Les comptes à intérêt garanti (CIG) Manuvie offrent de bons rendements et un degré de sécurité élevé. Vous choisirez ces comptes si vous avez besoin d'une sécurité garantie pour votre placement et si vous pouvez vous engager à conserver celui-ci pendant une certaine période. Ces comptes offrent un rendement stable et ne présentent pas de risque, étant garantis par l'actif général de la Financière Manuvie.


The same page in English (From second link - This is the Web site of one of Canada's premier insurance companies):

Similar to a daily interest account at a bank or trust company, this account earns interest daily at the current rate for that account...These accounts offer good returns and excellent investment security. Consider these accounts if you are an investor who needs guaranteed security for your investment and can commit to investments for a fixed period of time. There is no volatility associated with the return in this account and there is no risk as this is a guaranteed investment backed by the general assets of Manulife Financial.

Basically, the "Actif Général Vie" are general assets of a life insurance company, which are invested in bonds, stocks or other securities, and which act as funds to which outside investors may place their resources. It, like funds, is rated by Standard & Poor's (AAA in your case).




Selected response from:

Marcus Malabad
Canada
Local time: 09:39
Grading comment
Many thanks for the prompt response. The references were very helpful.
4 KudoZ points were awarded for this answer

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Summary of answers provided
na +1general assets [of a life insurance company]
Marcus Malabad


  

Answers


33 mins peer agreement (net): +1
general assets [of a life insurance company]


Explanation:
From the first link below:

Le compte à intérêt quotidien (CIQ) Manuvie est garanti par l'actif général de la Financière Manuvie. C'est le compte qui présente le moins de risque et la plus faible volatilité...Les comptes à intérêt garanti (CIG) Manuvie offrent de bons rendements et un degré de sécurité élevé. Vous choisirez ces comptes si vous avez besoin d'une sécurité garantie pour votre placement et si vous pouvez vous engager à conserver celui-ci pendant une certaine période. Ces comptes offrent un rendement stable et ne présentent pas de risque, étant garantis par l'actif général de la Financière Manuvie.


The same page in English (From second link - This is the Web site of one of Canada's premier insurance companies):

Similar to a daily interest account at a bank or trust company, this account earns interest daily at the current rate for that account...These accounts offer good returns and excellent investment security. Consider these accounts if you are an investor who needs guaranteed security for your investment and can commit to investments for a fixed period of time. There is no volatility associated with the return in this account and there is no risk as this is a guaranteed investment backed by the general assets of Manulife Financial.

Basically, the "Actif Général Vie" are general assets of a life insurance company, which are invested in bonds, stocks or other securities, and which act as funds to which outside investors may place their resources. It, like funds, is rated by Standard & Poor's (AAA in your case).







    Reference: http://www.manulife.ca/GroupRetirement/gro1.nsf/Public/FSH13...
    Reference: http://www.manulife.com/GroupRetirement/gro1.nsf/Public/inve...
Marcus Malabad
Canada
Local time: 09:39
Native speaker of: Native in EnglishEnglish, Native in TagalogTagalog
PRO pts in category: 4
Grading comment
Many thanks for the prompt response. The references were very helpful.

Peer comments on this answer (and responses from the answerer)
agree  Yolanda Broad: Wow!
7 hrs
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