GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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06:02 Jul 25, 2016 |
Italian to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Adrian MM. (X) Local time: 13:15 | ||||||
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Summary of answers provided | ||||
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4 +1 | inward(s) reinsurance |
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5 | reinsurance assumed |
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4 | active reinsurance |
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active reinsurance Explanation: The terms active and passive reinsurance business describe the views of each transaction partner. In the case of an active reinsurance business the reinsurer takes the risks of the reinsurance policy holder, in the case of a passive reinsurance business the reinsurance policy holder transfers (cedes) his risk to the reinsurer in the business accounting sense. Reference: http://www.unece.org:8080/fileadmin/DAM/stats/documents/ece/... |
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inward(s) reinsurance Explanation: compare inward(s) processing of goods, namely the processor takes on the task of tailoring outside-made garments as an 'active agent'. Example sentence(s):
Reference: http://https://books.google.at/books?isbn=3899521595 |
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reinsurance assumed Explanation: and also: Assicurazioni [COM] Voce completa IT riassicurazione attiva EN reinsurance assumed by IATE |
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