Gevolmachtigd agent

English translation: authorized agent

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:Gevolmachtigd agent
English translation:authorized agent
Entered by: Habraken

09:31 Nov 5, 2017
Dutch to English translations [PRO]
Bus/Financial - Insurance / Agenten
Dutch term or phrase: Gevolmachtigd agent
Gevolmachtigd agenten zijn van oudsher een zeer belangrijke distributiepartner. Wij hebben rond de 30 gevolmachtigd agenten, die samen een netwerk vormen in heel Nederland. De distributiekracht van deze gevolmachtigd agenten is veel groter dan wij zelf zou kunnen organiseren via provinciale agenten.
Habraken
Netherlands
authorized agent
Explanation:
vD

https://www.linguee.nl/engels-nederlands/vertaling/authorize...
Selected response from:

freekfluweel
Netherlands
Local time: 16:38
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +3authorized agent
freekfluweel
3underwriting agent; authorised underwriting agent
Kitty Brussaard


  

Answers


22 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
authorized agent


Explanation:
vD

https://www.linguee.nl/engels-nederlands/vertaling/authorize...

freekfluweel
Netherlands
Local time: 16:38
Native speaker of: Native in DutchDutch
PRO pts in category: 8
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Greg Irving (X)
1 hr
  -> Thanks!

agree  Kitty Brussaard: See also https://www.afm.nl/en/professionals/registers/vergunningenre...
3 hrs
  -> Thanks!

agree  writeaway
13 hrs
  -> Thanks!
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1 day 7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
gevolmachtigd agent
underwriting agent; authorised underwriting agent


Explanation:
This seems to be another option (or more fully: authorised underwriting agent). See the following examples:

Through the Delta Lloyd brand, the Group targets retail and commercial customers in the middle to premium range of the life and general insurance markets, distributing primarily through independent intermediaries, which include IFAs, underwriting agents (volmacht, with respect to general insurance), actuarial consulting firms (with respect to group life insurance) and brokers (together, Intermediaries).
http://www.zonebourse.com/DELTA-LLOYD-5696856/pdf/145712/DEL...

Clearly, the relationship between intermediaries and providers is complex. On the one hand, you have a finely-branched sector of intermediaries, and on the other, relatively concentrated financial institutions. Intermediaries sell products from a few providers, whereas notably insurers work with many brokers and authorised underwriting agents, on average as much as 2 to 3000 per insurer.
https://www.dnb.nl/en/news/news-and-archive/speeches-2003/au...

Kitty Brussaard
Netherlands
Local time: 16:38
Native speaker of: Native in DutchDutch
PRO pts in category: 32
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