Glossary entry (derived from question below)
Deutsch term or phrase:
Depotverbindlichkeit
Englisch translation:
assumed portfolio
Added to glossary by
EMatt
May 23, 2006 15:47
18 yrs ago
3 viewers *
Deutsch term
Depotverbindlichkeit
Deutsch > Englisch
Wirtschaft/Finanzwesen
Versicherungen
Appears in the financial statement of an insurance company.
Proposed translations
(Englisch)
| 3 | assumed portfolio |
Lothar Kneifel
|
Proposed translations
36 Min.
Lothar Kneifel
Native in Englisch
Experienced U.S. lawyer and translator
Native in: Englisch
Works in: Deutsch > Englisch
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4
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assumed portfolio
From the glossary linked below:
Assumed Portfolio
The transfer of in-force insurance liability by an insurer to a reinsurer (or vice versa) by the payment of the unearned premium reserve on those policies alone, or by the concurrent transfer of liability for outstanding losses under those policies by the payment of the outstanding loss reserve by the insurer to the reinsurer (or vice versa). The former is a premium portfolio, the latter a loss portfolio.
Assumed Portfolio
The transfer of in-force insurance liability by an insurer to a reinsurer (or vice versa) by the payment of the unearned premium reserve on those policies alone, or by the concurrent transfer of liability for outstanding losses under those policies by the payment of the outstanding loss reserve by the insurer to the reinsurer (or vice versa). The former is a premium portfolio, the latter a loss portfolio.
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