binding risk

German translation: Zeichnung von Risiken

10:30 Oct 27, 2015
English to German translations [PRO]
Law/Patents - Insurance
English term or phrase: binding risk
Hi all,

in der Anlage zu einem Vertrag zwischen einem britischen Versicherungskonzern (XXX) und potenziellen autorisierten Zeichnungsstellen in Deutschland heißt es in der "Due Diligence Declaration" wie folgt:

"References to ‘You’ in this declaration relate to the Intermediary named in this Schedule 1.

The purpose of this declaration is to enable XXX, as part of its ongoing monitoring process, to confirm that the regulated insurance activities that have been delegated to You, namely ***binding risk*** and/or effecting our documentation, are being managed in accordance with the Requirements. XXX must be able to evidence that Customers are not adversely affected in any way as a result of the delegation of such activities."

Ich bin nicht ganz sicher bei dem eingesternten ***binding risk***, ist damit evtl. das Zeichnungsrisiko gemeint (also das Risiko, das der deutsche Vermittler mit der Zeichnung einer Police durch einen Kunden in Deutschland eingeht)?

Danke für Eure Hilfe!
Robert Paulig
Local time: 12:49
German translation:Zeichnung von Risiken
Explanation:
In der Tat ist hier die Befugnis, Risiken im Namen der XXX zu zeichnen.

Siehe auch eine Erläuterung aus der Website lloyds.com:
Binding authority
An agreement between a Lloyd’s managing agent and a coverholder under which the Lloyd’s managing agent delegates its authority to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate.
Selected response from:

Rainer Dykowski, CT
Switzerland
Local time: 12:49
Grading comment
Besten Dank!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1Zeichnung von Risiken
Rainer Dykowski, CT
4 -1Risikoeingrenzung
Vittorio Ferretti


Discussion entries: 1





  

Answers


53 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Risikoeingrenzung


Explanation:
"bind" kann laut Webstres auch bedeuten "to confine, restrain, or restrict ..."

Vittorio Ferretti
Local time: 12:49
Native speaker of: Native in GermanGerman
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
disagree  Rainer Dykowski, CT: passt hier m.E. nicht
20 hrs
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21 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Zeichnung von Risiken


Explanation:
In der Tat ist hier die Befugnis, Risiken im Namen der XXX zu zeichnen.

Siehe auch eine Erläuterung aus der Website lloyds.com:
Binding authority
An agreement between a Lloyd’s managing agent and a coverholder under which the Lloyd’s managing agent delegates its authority to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate.


    https://www.lloyds.com/common/help/glossary?Letter=B
Rainer Dykowski, CT
Switzerland
Local time: 12:49
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 8
Grading comment
Besten Dank!

Peer comments on this answer (and responses from the answerer)
agree  Annette Scheler
5 hrs
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