Glossary entry

Dutch term or phrase:

Gevolmachtigd agent

English translation:

authorized agent

Added to glossary by Habraken
Nov 5, 2017 09:31
6 yrs ago
5 viewers *
Dutch term

Gevolmachtigd agent

Homework / test Dutch to English Bus/Financial Insurance Agenten
Gevolmachtigd agenten zijn van oudsher een zeer belangrijke distributiepartner. Wij hebben rond de 30 gevolmachtigd agenten, die samen een netwerk vormen in heel Nederland. De distributiekracht van deze gevolmachtigd agenten is veel groter dan wij zelf zou kunnen organiseren via provinciale agenten.
Change log

Nov 5, 2017 09:31: changed "Kudoz queue" from "In queue" to "Public"

Nov 5, 2017 23:53: Karen Zaragoza changed "Vetting" from "Needs Vetting" to "Vet OK"

Proposed translations

+3
22 hrs
Selected

authorized agent

Peer comment(s):

agree Greg Irving (X)
1 hr
Thanks!
agree Kitty Brussaard : See also https://www.afm.nl/en/professionals/registers/vergunningenre...
3 hrs
Thanks!
agree writeaway
13 hrs
Thanks!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks!"
1 day 7 hrs

underwriting agent; authorised underwriting agent

This seems to be another option (or more fully: authorised underwriting agent). See the following examples:

Through the Delta Lloyd brand, the Group targets retail and commercial customers in the middle to premium range of the life and general insurance markets, distributing primarily through independent intermediaries, which include IFAs, underwriting agents (volmacht, with respect to general insurance), actuarial consulting firms (with respect to group life insurance) and brokers (together, Intermediaries).
http://www.zonebourse.com/DELTA-LLOYD-5696856/pdf/145712/DEL...

Clearly, the relationship between intermediaries and providers is complex. On the one hand, you have a finely-branched sector of intermediaries, and on the other, relatively concentrated financial institutions. Intermediaries sell products from a few providers, whereas notably insurers work with many brokers and authorised underwriting agents, on average as much as 2 to 3000 per insurer.
https://www.dnb.nl/en/news/news-and-archive/speeches-2003/au...
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search