concurrencia de capitales

English translation: concurrent insurance/policies

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:concurrencia de capitales
English translation:concurrent insurance/policies
Entered by: Justin Peterson

18:43 Aug 1, 2021
Spanish to English translations [PRO]
Bus/Financial - Insurance
Spanish term or phrase: concurrencia de capitales
On an insurance form, followed by: companía, poliza, capitales, garantía afectada
CONCURRENCIA DE CAPITALES
Justin Peterson
Spain
Local time: 17:38
concurrent insurance/policies
Explanation:
Concurrent insurance is having more than one policy for the same risk. It is not as highly regulated in the UK as in Spain.
Selected response from:

Paul Ryan
United Kingdom
Local time: 16:38
Grading comment
Thx
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1double benefits insured or assured
Adrian MM.
4duplicate coverage of insured capital
David Hollywood
3concurrent insurance/policies
Paul Ryan
4 -1competition among the amounts of insured capital
Francois Boye
3 -1the capital raised
Lisa Rosengard


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
concurrent insurance/policies


Explanation:
Concurrent insurance is having more than one policy for the same risk. It is not as highly regulated in the UK as in Spain.


    Reference: http://https://www.investopedia.com/terms/c/concurrent-insur...
Paul Ryan
United Kingdom
Local time: 16:38
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thx
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
double benefits insured or assured


Explanation:
The insurance term of art is double insurance, the sums being either insured or - if life, fire or marine - assured twice over.

Example sentence(s):
  • IATE: insurance [FINANCE] COM es concurrencia de pensiones COM en accumulation of pensions COM

    Reference: http://www.blakemorgan.co.uk/double-insurance/
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24

Peer comments on this answer (and responses from the answerer)
agree  Luis M. Sosa: We lack enought context, but I think your are in the right direction.
20 hrs
  -> Gracias de nuevo and thanks de novo, Luis, this question harking back to other 'capitales' of 'sums insured' we have been at one over.
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
the capital raised


Explanation:
The insurance company has a policy on the affected guarantee of the capital raised.

SP: La empresa de las aseguraciones tiene polizas sobre las garantías afectadas del capital levantado, sea la concurrencia de capitales.

Lisa Rosengard
United Kingdom
Local time: 16:38
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
disagree  insighted: What the heck does your answer have to do with the question???
7 hrs
Login to enter a peer comment (or grade)

8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
competition among the amounts of insured capital


Explanation:
capital= capital asegurago = insured capital

El capital asegurado, en el ámbito de los seguros, es el límite máximo de indemnización en caso de siniestro. Dicho importe surge del acuerdo entre la compañía aseguradora y su cliente.

El cálculo del capital asegurado varía según el tipo de póliza. Por ejemplo, si la protección es contra incendios, se toma como referencia el valor aproximado de los objetos beneficiados por la cobertura.

Fuente: https://economipedia.com/definiciones/capital-asegurado.html



The insured capital, in the field of insurance , is the maximum compensation limit in the event of an accident. This amount arises from the agreement between the insurancecompany and its client.

The calculation of the insured capital varies according to the type of policy . For example, if the protection is against fire, the approximate value of the objects benefited by the coverage is taken as reference.

Source: https://notesread.com/insured-capital/

Francois Boye
United States
Local time: 11:38
Native speaker of: Native in FrenchFrench
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
neutral  Luis M. Sosa: Where does competition come in here
15 hrs

disagree  AllegroTrans: "cimpetition among the amounts of insured capital" really makes zero sense
2 days 18 hrs
Login to enter a peer comment (or grade)

9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
duplicate coverage of insured capital


Explanation:
Duplicate coverage is having more than one insurance policy (from different companies) that covers an event, e.g. to have two auto insurance policies and file a claim on both of them regarding the same accident. Explanation: If you are paying two distinct policies, you are just paying for redundant coverage.

--------------------------------------------------
Note added at 9 hrs (2021-08-02 04:35:51 GMT)
--------------------------------------------------

Insured Capital is the maximum amount established for each coverage, to be paid by OMINT Seguros in the event of an event covered by this insurance. The value of the Insured Capital of each of the contracted coverage will be included in the Insurance Policy.

David Hollywood
Local time: 12:38
Native speaker of: English
PRO pts in category: 121
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search