Risk Management Flashcards
(53 cards)
def term: adverse effect
damage
def and translate: insurer
provides insurance against loss or damage
zavarovalnica
def and translate: insurance underwriter
accepts liability up to a specified amount in an insurance policy
prevzemnik tveganja
def and translate: insurance agent
provides insurance on behalf of an insurance company
zavarovalniški zastopnik
def and translate: loss adjuster
assesses the validity of an insurance claim of behalf on an insurance company and authorises an appropriate payment or repairs
škodni cenilec
def and translate: actuary
calculates insurance premiums, risks, dividends, and annuity rates
aktuar
def and translate: insurance broker
arranges the best insurance coverage for the lowest premium on behalf of the insured
zavarovalni posrednik
def and translate: reinsurer
obtains additional coverage for a risk that a company has been insured against
pozavarovalnica
def operational risk
arises from company’s operations (e.g. supply chain failure)
def financial risk
arises from finance (liquidity problems, tax changes)
def strategic risk
arises from risks in a particulate industry (e.g. product dev, increased competition)
def hazard risk
risk with a built-in ability to cause an adverse effect (e.g. natural disaster, business interuption)
def liability
legal responsibility
translate business continuity
neprekinjeno delovanje
def calling tree (or call tree)
a list of numbers to call in case of an emergency
translate ‘to take out insurance’
zavarovati se
def transient customers
customers that switch to competitors’ products
mitigation synonym
minimisation
compensated synonym
indemnified
indemnified noun
indemnification
translate insurance policy
zavarovalna polica
def belligirent
hostile, aggressive
translate premium (+ how often is it paid?)
premija. paid once or twice a year
what does coverage reduce?
exposure to insurable risks, but not to uninsurable risks
