Glossary entry

English term or phrase:

in-force premium

Polish translation:

kwota wpłaconych składek polis czynnych

Added to glossary by Arkadiusz Witek
Jan 11, 2022 09:36
2 yrs ago
18 viewers *
English term

in-force premium

English to Polish Bus/Financial Finance (general) spółki, wyniki, zyski
Jak to powiedzieć po polsku?

Discussion

geopiet Jan 11, 2022:
tu z punktu widzenia firmy ubezpieczeniowej What Does "In Force Life Insurance" Mean For an Insurance Company?

“In force life insurance” isn’t just clever lingo for policyholders to sum up how much coverage they’ve got — the term is also used by insurance companies and insurance agents.

Insurance companies may proudly state that they have a total of $2 billion of life insurance in force. What they’re really saying is that they’ve issued enough current life insurance policies to reach a sum total of $2 billion worth of coverage.

For this claim to be true, all policyholders must have paid their premiums to keep their coverage active. Any lapsed policies would cause the insurance company to have to subtract these premiums from their total in force life insurance.

- https://www.trustedchoice.com/life-insurance/coverage-basics...
Frank Szmulowicz, Ph. D. Jan 11, 2022:
Related concept

Udziały poszczególnych zakładów w rynku możemy wyliczać na dwa sposoby: biorąc pod uwagę wartość sprzedaży (składka przypisana brutto w okresie) lub wielkość sprzedaży (liczba ubezpieczonych ryzyk w okresie).
https://www.uokik.gov.pl/download.php?plik=22002

Definicja: Kwoty składek brutto należne z tytułu zawartych w okresie sprawozdawczym umów ubezpieczenia, niezależnie od tego, czy kwoty te opłacono.
Nazwa angielska: Gross written premium

https://stat.gov.pl/metainformacje/slownik-pojec/pojecia-sto...
geopiet Jan 11, 2022:
jaki kontekst? bo pierwsze co przychodzi na myśl, to „aktualna, w pełni opłacona polisa ubezpieczeniowa”, ale to inna bajka niż Twe pytanie ...

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In force is an insurance term that means a policy is currently active and providing insurance coverage in return for premiums paid as agreed.

Proposed translations

4 hrs
Selected

kwota wpłaconych składek polis czynnych

Liczba polis – liczba wszystkich polis aktywnych
(czynnych) na koniec okresu sprawozdawczego.
Number of policies - number of all active
policies at the end of the reporting period.
https://www.knf.gov.pl/knf/pl/komponenty/img/pojecia_ubezp05...

What is PREMIUMS IN FORCE?
The amount an insurer underwrites based on its premiums collected on active policies.
https://thelawdictionary.org/premiums-in-force/
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4 KudoZ points awarded for this answer. Comment: "Dziękuję."
1 hr

obowiązująca składka

tak
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Reference comments

1 hr
Reference:

premiums in force

What does premiums in force mean?

A figure in the standard form of the annual financial report of an insurance company, representing the initial premium on all policies which have not expired or been canceled, for example, those which are still in force.
https://rosen-co.com/inswords/ppp/p115.htm

What is PREMIUMS IN FORCE?
The amount an insurer underwrites based on its premiums collected on active policies.
https://thelawdictionary.org/premiums-in-force/
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