Glossary entry

Norwegian term or phrase:

uavløpt

English translation:

unexpired

Added to glossary by Charles Ek
Apr 18, 2010 14:42
14 yrs ago
Norwegian term

uavl�pt

Norwegian to English Bus/Financial Insurance pension agreements
In connection with the transfer of pension agreements from one enterprise to another. As follows: "For tilflyttede risikoavtaler forutsettes det at premie beregnes som for ny etablering. Eventuell uavl�pt risikopremie i avgivende selskap overf�res til premiefond."
Proposed translations (English)
5 unexpired
Change log

Apr 23, 2010 09:51: Charles Ek Created KOG entry

Proposed translations

1 hr
Selected

unexpired

The phrase "uavløpt risikopremie" appears in a news report on quarterly results for Bluewater Insurance ASA at http://tinyurl.com/y3f5g9e. I haven't found an English translation for that particular quarterly report, but "unexpired risk premium" does appear in a subsequent Bluewater report at the first reference link below.

This example from Lloyd's appears in the second reference link below:
"An Unexpired Risk Provision must be provided where the expected value of claims and claims management expenses attributable to the unexpired periods of policies in force at the balance sheet date exceeds the unearned premiums provision in relation to such policies after deduction of any deferred acquisition costs."

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Note added at 1 hr (2010-04-18 15:48:30 GMT)
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Sorry, the English phrase is actually "unexpired risk provision". :-(
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