This site uses cookies.
Some of these cookies are essential to the operation of the site,
while others help to improve your experience by providing insights into how the site is being used.
For more information, please see the ProZ.com privacy policy.
Swedish to English translations [PRO] Bus/Financial - Insurance
Swedish term or phrase:ersättning (in the context of insurance)
Do insurers 'compensate' for losses, or do they 'reimburse'?
Here is some context:
"Överskjutande del av förskottsbetalning, 32 193 kr, ska avräknas från ersättning som försäkringsbolaget kan förpliktas att utge för avbrottsskadan, i första hand för ersättning för produktionsförlust."
Possible breach of site rules 3.4 -3.6, but all the suggestions so far - compensation, benefit, indemnity (ins. expert-suggested), (settlement) payment (Solicitor-suggested), payment of claim are IMO competent and within acceptable parameters. The only one which works in the example *without a def. or indef. art.* and as a verb is compensation/compensate for.
My own dictionary-undriven prefs. would be settlement payment and to make good.
3.4 The only acceptable means of commenting on another's answer is by using the peer comment feature. Using the discussion area, the answer posting form or the answer explanation box to comment on another's suggestions is not allowed. 3.5 A peer comment must be based on linguistic evaluations of the answer. These linguistic considerations must be provided in the case of a disagree or neutral comment. Personal comments are not allowed in peer comments. Backing up peer comments with references, in general, is encouraged. 3.6 No attempt may be made to influence others' decisions. Encouraging an asker to choose one's own suggested translation, or peers to agree with one's own answers and/or disagree with answers provided by others, is prohibited
@Tom, I'll be re-reading this long translation tomorrow morning prior to delivery back to the client in the afternoon. I was wondering if you have any suggestions for a non-dictionary guided translation of the term?
.Meaning I would have said the same thing (only he expressed it better).
Adrian MM. (X)
Dictionary driven vs. actual practice
16:36 Jun 19, 2013
The asker also needs to decide whether a dictionary-driven translation of the noun or verb vs. terms of art used in actual insurance practice is needed. There does seem to be a chasm between the two.
I am in complete agreement with you that, in producing translations, one should ensure that the text is simply not a word to word translation, but maintains the flow in the target language. However, in my view, the correct answer to your question is compensation. How you modify/make use of it in your translation should not affect the validity of the answer.
I agree that as a glossary entry, a verb is not an acceptable translation of a noun in this instance, but I do feel that this discussion of whether a verb is a more appropriate translation for instances of nouns in the source text is a very valid one. Although my primary aim is to deliver an accurate translation, I also want to deliver one that reads fluidly and naturally.
Hi SafeTex, Yes, you have hit the nail on the head, and in fact I have been going through what I have already done of the text this morning to look at where "compensate" is more appropriate - i.e., compensating for a fictitious loss, such as loss of production - and also where "reimburse" is more appropriate - i.e., the costs incurred by the company as a result of what went wrong. Thank you.
The problem may be that you are thinking or looking for one term when in fact you would need two (to be decided)
Insurers pay out claims, they compensate you for lost production but they reimburse the cost of your holiday if the hotel is still under construction Look at your text again in this light and the rest of it that is not here, and see if this approach helps. Regards
Adrian MM. (X)
Noun vs. verb
12:52 Jun 19, 2013
The comment assumes the verb needs to be extrapolated from the noun/substantive. Often ersätta is translatable - in ins. and law - as 'to make good', despite the aversion/ignorance of some trans. agency clients.
In fairness to everyone, my term refers to a noun, while I refer to the verbs in the body of my question, and I think we are all competent enough to know the difference.
In this particular context, I do not find the suggestion of a verb wrong at all in order to achieve the most lucid translation:
"The excess of the advance payment, SEK 32,193, shall be deducted from the compensation which the insurance company may be liable to pay for consequential losses, primarily to compensate for loss of production."
Automatic update in 00:
Answers
6 mins confidence: peer agreement (net): +1
compensate
Explanation: As far as I'm concerned, it's compensate. A manufacturer can't be reimbursed for lost production - they haven't spent any money, they've just not made any. The insurer pays out to compensate for this.
Alternatively - you arrive at my hotel. There's a long wait to check in which we agreed there wouldn't be, and you're rightly angry. I compensate you for your time with £5 and a free drink. Can't reimburse you that either.
If you take a look around on google there are fairly common references to insurers compensating, both within and outwith the context of production stoppages.
Example sentence(s):
The insurance will provide compensation in the event of a stoppage in production.
Ian Giles United Kingdom Local time: 19:36 Native speaker of: English
Explanation: I think insurance companies avoid both compensate and reimburse and use cover and payment - although I have also used "compensate" in the past to keep the sense and structure of the original.
My link is to a business interruption cover document which only uses "cover" and "pay for" throughout.
peer agreement (net): +1
