GENERAL INSURANCE TERMS

ENGLISH SPANISH
insurance seguros
co-insurance co- aseguro
general insurance seguros generales
government-subsidised insurance seguros subsidiados por el gobierno
insurance in favor of another seguro a favor de otro
co-insurer co-asegurador
insurance company compañía de seguros
insurance broker corredor de seguros
brokerage corretaje
insured / assured asegurado
policy holder tomador
insurer segurador
insurance carrier asegurador / agente de seguros
market mercado
risk management administración de riesgo
business portfolio cartera de clientes
certificate of insurance póliza de seguros
insurance policy póliza de seguros
insurance contract contrato de seguros
sum insured suma asegurada
coverage cobertura
extended coverage cobertura extendida
scope of coverage alcance de la cobertura
covered cubierto
uncovered sin cobertura
risk exposure exposición a riesgo
type of exposure tipo de exposición
risk or perils riesgos
risk evaluation evaluación de riesgo
risk spreading extensión del riesgo
loss or claim siniestro
hazard Riegos peligrosos
latent defect vicio oculto
inherent defect vicio propio
Loss survey peritaje/informe de daños
Survey report informe de riesgo
estimated cost of repairs Costos estimados de reparación
claims department departamento de siniestros
claims manager gerente de siniestros
claim settlement liquidación de siniestros
claims adjuster liquidador de siniestros
terms plazos / términos
terms and conditions términos y condiciones
locations ubicaciones
premium prima
deferred premium prima diferida
flat premiun prima fija
deposit premium prima de deposito
premium adjustment ajuste de prima
Premium Payment Warranty cláusula de pago de prima
deductibles franquicias
policy póliza
standard policy póliza estándar
first-loss policy póliza a primer riesgo
master policy póliza madre
multi-risk policy póliza de múlti riesgos
non-cancellable policy póliza no cancelable
wording condiciones generales
schedule condiciones particulares
annex anexo
clauses cláusulas
clauses and conditions cláusulas y condiciones
period of insurance período del seguro
inception inicio
expiry finalización
cancellation (termination of the cancelación
insurance policy)
renewal renovación
sum insured suma asegurada
rate tasa de prima
values / amounts at risk valores en riesgo
survey report informe de inspección
loss ratio / loss experience siniestralidad
all risk todo riesgo
third – party liability responsabilidad terceros
reinsurance reaseguro
reinsurer reasegurador
reinsured reasegurado
capacity capacidad
primary position / low-layer position primera parte en un contrato de
exceso de pérdida
cedent company cedente
reinsurance session sesión de reaseguro
Reinsurance treaty
Contrato de reaseguro
Facultative reinsurance Reaseguro Facultativo
quota share cuota parte
surplus excedente
underwriter suscriptor
quotation cotización
collection cobranza
time extension prórroga
INSURANCE-RELATED ACTIONS
to quote a risk Cotizar una póliza
To bind a policy Efectuar una póliza
To place a policy Colocar una póliza
To underwrite insurance suscribir
to insure a risk Asegurar un riesgo
To insure against all risks Asegurar contra todo riesgo
To be insured Estar asegurado
To cover a risk Cubrir un riesgo
To be covered Estar cubierto
To make out a policy Preparer una póliza
To draw up a policy Redactar una póliza
To issue a policy Emitir una póliza
To collect premium Cobrar las primas
To renew a policy Renovar una póliza
To damage in transit Dañarse en tránsito
To report a claim Denunciar un siniestro
To assess a damage Evaluar daños
To assess risk Evaluar riesgos
To assess the value Tasar/calcular el valor
To adjust a claim Liquidar un siniestro
To decline a claim rechazar un siniestro

INSURANCE LINES RAMOS DEL SEGURO

Personal Accidents (P.A) Accidentes Personales

Workers‘ Compensation Accidentes de Trabajo
Aviation Aeronavegación
Hull Cascos
Liabilities Responsabilidades
War Risks Riesgos de guerra
Automobile Automotores
Automobile third party liability seguro de responsabilidad civil
automotores
Fleet policy Póliza de una flota
Homeowner´s Policy Combinado familiar
Hail Granizo
War, Strikes, Riots and Civil Guerra, Huelga, Disturbios y
Commotion Conmoción Civil
Act of God Acto de Dios
Acts of vandalism Vandalismo
Fire Incendio
Shopkeeper´s Policy Integral de Comercio
Marine insurance Marítimo
Inland Cargo Tránsito Terrestre
Marine Cargo
Air Cargo
Goods-in-transit policy
Loss of Profit (LOP)
Protection and Indemnity (Pandl)
Third Party Liability (TPL)
Robbery and Theft
Machinery Breakdown
Engineering Risks
Construction and Erection
All Risks (CAR/EAR)
Operational All Risks
Erection All Risks (EAR)
Life Insurance
Directors and Officers
Liability Insurance
Property Insurance
Health Insurance
Casualty insurance
Errors and Omissions insurance
Disability
Partial disability
Permanent disability
Retirement annuity
Mercaderías Marítimas
Mercaderías Aéreas
Bienes en tránsito
Pérdida de beneficio
Protección e Indemnidad
Responsabilidad Civil
hacia Terceros
Robo y Hurto
Rotura de Maquinaria
Seguro Técnico
Todo Riesgo
Construcción y Montaje
Todo Riesgo Operativo
Todo Riesgo Montaje
Vida
Cobertura de responsabilidad de
Directores y gerentes
Seguro de responsabilidad civil
Seguro de daños materiales
Seguro de salud
Seguros de responsabilidades civiles
Errores y omisiones
Incapacidad
Incapacidad parcial
Incapacidad permanente
Seguro de retiro

BEGINNER LEVEL

ENGLISH SPANISH
Insurance
General Insurance
Insurance Company
Insurance Broker
Brokerage
Insured
Assured
Insurer
Market
Risk Management
Business Portfolio
Insurance Policy
Coverage
Covered
Uncovered
Risk Exposure
Type of exposure
Loss
Claim
Loss survey
Terms and conditions
Terms
Location
Premium
Deductible
Policy
Wording
Schedule
Annex
Clauses
Inception
Expiry
Cancellation
Renewal
All Risk
Third Party Liability
Underwriter
Quotation
Collection

HIGH – BEGINNER LEVEL

ENGLISH SPANISH
Co- insurance
Co – insurer
Policy holder
Insurance carrier
Certificate of insurance
Insurance contract
Risk
Perils
Risk evaluation
Survey report
Claims department
Claims manager
Claims adjuster
Claim settlement
Flat Premium
Deposit Premium
Standard policy
First – loss policy
Master policy
Clauses and conditions
Period of insurance
Rate

INSURANCE-RELATED ACTIONS
ENGLISH SPANISH
to quote a risk
To bind a policy
To place a policy
To underwrite insurance
to insure a risk
To insure against all risks
To be insured
To cover a risk
To be covered
To make out a policy
To draw up a policy
To issue a policy
To collect premium
To renew a policy
To damage in transit
To report a claim
To assess a damage
To assess risk
To assess the value
To adjust a claim
To decline a claim

ELEMENTARY

ENGLISH
Goverment -subsidised insurance
Insurance in favor of another
Sum insured
Extended coverage
Scope of coverage
Risk spreading
Hazard
Latent defect
Inherent defect
Estimated cost of repairs
Deferred premium
Premium adjustment
Premium Payment Warranty
Multi-risk policy
Non-cancellable policy
Values
Amounts at risk
Survey report
Loss ratio
Loss experience
Reinsurance
Reinsurer
Reinsured
Capacity
Primary position
Low-layer position
Cedent company
Reinsurance session
Quota share
Surplus
Time extension

HIGH – ELEMENTARY

ENGLISH SPANISH
INSURANCE LINES
Personal Accidents (P.A)
Workers‘ Compensation
Aviation
Hull
Liabilities
War Risks
Automobile
Automobile third party liability

Fleet policy
Homeowners Policy
Hail
War, Strikes, Riots and Civil
Commotion
Act of God
Acts of vandalism
Fire
Shopkeeper´s Policy
Marine insurance
Inland Cargo
Marine Cargo
Air Cargo
Goods-in-transit policy
Loss of Profit (LOP)
Protection and Indemnity (Pandl)
Third Party Liability (TPL)
Robbery and Theft
Machinery Breakdown
Engineering Risks
Construction and Erection
All Risks (CAR/EAR)
Operational All Risks
Erection All Risks (EAR)
Life Insurance
Directors and Officers
Liability Insurance
Property Insurance
Health Insurance
Casualty insurance
Errors and Omissions insurance
Disability
Partial disability
Permanent disability
Retirement annuity