Glossary entry (derived from question below)
Swedish term or phrase:
självbehållet
English translation:
(ins.) excess; shall be his/her own insurer for...; (reins. retained) line
Added to glossary by
Charlesp
Nov 27, 2008 09:09
15 yrs ago
2 viewers *
Swedish term
självbehållet
Swedish to English
Bus/Financial
Insurance
context: "självbehållet för enskild risk "
Proposed translations
(English)
4 | (ins.) excess; shall be his/her own insurer for...; (reins. retained) line | Adrian MM. (X) |
5 | deductible | Neil Crockford |
Proposed translations
13 hrs
Selected
(ins.) excess; shall be his/her own insurer for...; (reins. retained) line
The first is the primary and general term in insurance to try to fill in on Neil's deductible answer. The second depends on the policy context.
Example sentence:
What is an insurance excess? When you are insured either comprehensively or third party fire and theft, you will usually have to pay the first amount of any ...
... The other form of proportional reinsurance is surplus share or surplus of line treaty. In this case, a retained “line” is defined as the ...
4 KudoZ points awarded for this answer.
5 hrs
deductible
2deductible" if this is the amount an insured must meet of each claim before the insurer pays the rest
BUT
if this relates to the amount kept by a reinsurer before a reinsurer is involved, then it is "retention"
BUT
if this relates to the amount kept by a reinsurer before a reinsurer is involved, then it is "retention"
Something went wrong...