assurance pour compte propre

English translation: first-party insurance

13:35 Apr 15, 2021
French to English translations [PRO]
Bus/Financial - Insurance / Insurance
French term or phrase: assurance pour compte propre
A type of insurance policy available to a company. Here is the context in which the phrase appears:

"Ce document décrit les assurances pour compte propre entrant dans le champ d’application"
"Concernant la gestion des sinistres assurances pour compte propre, les missions du Correspondant Assurances consistent à"
"Gestion des assurances pour compte propre"


I have read the glossary entries for "compte propre" relating to the financial sector, but I do not think they are correct for this context.

I also do not think that this is the same as "assurance pour compte" (omnibus insurance) (see https://www.assureur-conseil-en-ligne.fr/dictionnaire-assura...

As far as I can glean (see https://bib.kuleuven.be/rbib/collectie/archieven/rgar/1990-8... this is a type of insurance policy that does not operate on the grounds of liability, but simply on whether the damage was suffered:

"La victime d'une pollution peut facilement obtenir réparation si les dommages sont garantis par une assurance pour compte propre. L'élément déterminant pour l'octroi de cette réparation n'est plus de savoir si une responsabilité est engagée, mais s'il s'agit de dommages du type et de l'origine indiqués dans la police."

...and I've hit a brick wall. Can anyone please help?

Thanks.
Wendy Cummings
United Kingdom
Local time: 20:21
English translation:first-party insurance
Explanation:
"First-party insurance is insurance that covers the losses of the person named on the policy.... Third-party insurance is insurance that is purchased to protect a person against liability for damages or losses that they caused."
https://www.simmonsandfletcher.com/blog/difference-first-par...

First-party insurance covers you for whatever is covered under the policy (bodily harm, property damage, etc.), regardless of who caused the harm. With first-party insurance, liability/responsabilité civile is not relevant to whether you are covered. (If someone else caused the harm your insurance company may sue them to recover what the insurer paid out to you, but that's a separate issue.)

Third-party insurance is liability insurance: if you cause harm to a third party, and the type of harm is covered by your policy (e.g., if it's damage to someone else's property and your policy covers your liability for third-party property damage), then your insurance will compensate the third party for that harm.
Selected response from:

Eliza Hall
United States
Local time: 16:21
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2first-party insurance
Eliza Hall
4 +1insurance for own account
Francois Boye
3/strict liability, non-captive/ self-insurance
Adrian MM.
4 -2insurance company/body underwriter
Gabriel Ferrero


Discussion entries: 8





  

Answers


44 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -2
insurance company/body underwriter


Explanation:
Any one who has been affected by pollution, and is provided with proof of pollution-related health issues arising thereof, is eligible to receive economic compensation by his/her insurance company or body, as long as it is explicitly stated in the contract clauses agreed to by the parties and the contractual underwriter.


    Reference: http://https://cabinetvallois.fr/assurance-pour-compte/#:~:t...
Gabriel Ferrero
France
Local time: 21:21
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
disagree  Daryo: A type of contract = a company?
1 hr
  -> Perhaps "insurance contract underwriter" is closer in descriptive meaning but I hold the view that context is relevant to convey meaning

disagree  Eliza Hall: We're looking for an EN term that refers to a type of insurance policy.
3 days 1 hr
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
insurance for own account


Explanation:
Insurance contract between an insurance company and an individual or organization pursuing his/its own interest.

https://www.baloise.be/fr/professionnel/parc-automobile/assu...

Francois Boye
United States
Local time: 16:21
Native speaker of: Native in FrenchFrench

Peer comments on this answer (and responses from the answerer)
agree  ph-b (X): Voir discussion.
20 hrs
  -> Thanks!
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
/strict liability, non-captive/ self-insurance


Explanation:
Phil G. has beaten me to it again in the discussion entries and Wendy has her good self mentioned external vs. captive insurers...

As long as this is parsed assurance pour compte propre rather than gestion.... pour compte propre.

I'll leave others to repost first-party insurance that connotes to me, having parochially studied UK principles of insurance law, US America.-speak - cut to Black's Handbook of Business Law Terms and that does cut to 'self-insurance'. Captive insurance: the parent company acts as its own insurer.

Strict, no fault liability seems to square with the asker's quotes and discussion entires but - contrary to g/hits - is not the same as absolute liability, namely abs. no defences at all.


Example sentence(s):
  • Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself.
  • strict liability insurance: For example, a person who decides to buy a wolf as a pet may be held 100 percent responsible if the animal hurts someone else. It may be the case even if the owner took every possible safety precaution ....

    Reference: http://www.policybazaar.com/motor-insurance/car-insurance/ar...
    Reference: http://link.springer.com/chapter/10.1007%2F978-3-540-45903-3...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24
Login to enter a peer comment (or grade)

3 days 2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
first-party insurance


Explanation:
"First-party insurance is insurance that covers the losses of the person named on the policy.... Third-party insurance is insurance that is purchased to protect a person against liability for damages or losses that they caused."
https://www.simmonsandfletcher.com/blog/difference-first-par...

First-party insurance covers you for whatever is covered under the policy (bodily harm, property damage, etc.), regardless of who caused the harm. With first-party insurance, liability/responsabilité civile is not relevant to whether you are covered. (If someone else caused the harm your insurance company may sue them to recover what the insurer paid out to you, but that's a separate issue.)

Third-party insurance is liability insurance: if you cause harm to a third party, and the type of harm is covered by your policy (e.g., if it's damage to someone else's property and your policy covers your liability for third-party property damage), then your insurance will compensate the third party for that harm.

Eliza Hall
United States
Local time: 16:21
Specializes in field
Native speaker of: English
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Julie Barber
16 hrs

agree  Conor McAuley: https://www.acko.com/car-insurance/difference-between-first-...
17 hrs

neutral  ph-b (X): "First-party insurance" would be assurance au premier tiers, which the author chose not to use. Why change the source text when there is a perfectly acceptable English equivalent to the French?
20 hrs
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