This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. English to Croatian
  3. Insurance

cell-owner

Croatian translation: korporativna tvrtka/grupa

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:cell-owner
Croatian translation: korporativna tvrtka/grupa
Entered by: LogosART

17:03 Aug 27, 2015
English to Croatian translations [PRO]
Bus/Financial - Insurance
English term or phrase: cell-owner
Primjer točke:


"PCCs generally offer a ‘rent-a-captive’ facility to cell-owners investing assets which become attributable to their specific cell (cellular assets) and are segregated from other cells’ assets and the PCC’s core assets."
Ivana Bojcic
Croatia
korporativna tvrtka/grupa
Explanation:
What is a cell captive arrangement?

A registered insurance company (“insurer”) and a corporate (“cell owner”) enter into a shareholder’s agreement in terms of which the corporate “purchases” a cell captive (“cell”), which is an insurance vehicle created by the insurer.

The insurer’s insurance license is extended for use by the cell owner for the insurance of:

its own assets, for example its own buildings (“first party cells”) or
the assets and/or lives of its customers or employees, for example cell phones of customers of a cell phone network provider (“third party cells”).
http://www.kpmg.com/za/en/issuesandinsights/articlespublicat...

corporate
adjective
relating to a large company or group: airlines are very keen on their corporate identity.
• Law (of a large company or group) authorized to act as a single entity and recognized as such in law. local authorities, like other corporate bodies, may reduce capital spending. the rules set by the corporate organization.
• of or shared by all the members of a group: the service emphasizes the corporate responsibility of the congregation.

noun
a corporate company or group. > korporativna tvrtka/grupa
Selected response from:

LogosART
Croatia
Local time: 00:54
Grading comment
hvala
4 KudoZ points were awarded for this answer



Summary of answers provided
4korporativna tvrtka/grupa
LogosART


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
korporativna tvrtka/grupa


Explanation:
What is a cell captive arrangement?

A registered insurance company (“insurer”) and a corporate (“cell owner”) enter into a shareholder’s agreement in terms of which the corporate “purchases” a cell captive (“cell”), which is an insurance vehicle created by the insurer.

The insurer’s insurance license is extended for use by the cell owner for the insurance of:

its own assets, for example its own buildings (“first party cells”) or
the assets and/or lives of its customers or employees, for example cell phones of customers of a cell phone network provider (“third party cells”).
http://www.kpmg.com/za/en/issuesandinsights/articlespublicat...

corporate
adjective
relating to a large company or group: airlines are very keen on their corporate identity.
• Law (of a large company or group) authorized to act as a single entity and recognized as such in law. local authorities, like other corporate bodies, may reduce capital spending. the rules set by the corporate organization.
• of or shared by all the members of a group: the service emphasizes the corporate responsibility of the congregation.

noun
a corporate company or group. > korporativna tvrtka/grupa

LogosART
Croatia
Local time: 00:54
Native speaker of: Dutch
PRO pts in category: 12
Grading comment
hvala
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.

Return to KudoZ list

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:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search