Glossary entry

Danish term or phrase:

skadesafvikling

English translation:

settling claim(s)

Added to glossary by Diarmuid Kennan
May 17, 2007 08:07
17 yrs ago
Danish term

skadesafvikling

Danish to English Bus/Financial Insurance
For så vidt angår skadesafvikling, der fortages i henhold til denne afteale.............
Proposed translations (English)
4 settling claim(s)
3 +1 run-off

Proposed translations

17 hrs
4 KudoZ points awarded for this answer.
+1
23 mins

run-off

This is the term given by IATE but I am afraid I have not found a good definition, even at AIRROC (Association of Insurance and Reinsurance Run-off companies). It seems to be a type of insurance company:
Run-off account

A year of account of a syndicate which was not closed at its normal date for closure by reinsurance to close and which remains open.
Peer comment(s):

agree Neil Crockford
1 hr
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