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nonlife insurance vs non-life insurance

Both "nonlife insurance" and "non-life insurance" are correct, but the more common and accepted term is "non-life insurance." The hyphenated version is widely used in the insurance industry and is considered more formal and accurate.

Last updated: March 31, 2024 • 602 views

nonlife insurance

This phrase is correct but less common than the hyphenated version.

This phrase refers to insurance policies that do not cover life insurance, such as property, casualty, and health insurance.

Alternatives:

  • non-life insurance
  • non life insurance
  • nonlife coverage
  • non-life coverage
  • insurance excluding life coverage

non-life insurance

This is the more common and accepted term, especially in the insurance industry.

This phrase is used to describe insurance policies that do not include coverage for life insurance, such as property, casualty, and health insurance.
  • The non-life insurance undertakings to be identified separately by Iceland and Norway shall be exempt from Articles 16 and 17.
  • To carry out the business of reinsurance in Japan, a non-life insurance license is necessary.
  • The payment of non-life insurance premiums is a typical partitioned transaction.
  • Time of recording: net non-life insurance premiums are recorded when they are earned.
  • Accordingly, upon extension or change of capacity, the institution becomes subject to the full set of rules of Community law which otherwise apply to non-life insurance.
  • Prior to the financial crisis, Sjóvá had a market share of over 40 % in the non-life insurance segment.
  • The settlement of a non-life insurance claim is treated as a transfer to the claimant.
  • This underlines the fact that the essential function of non-life insurance is to redistribute resources.
  • That contribution shall be calculated on the same basis as for non-life insurance undertakings covering those risks, through an establishment situated in that Member State.
  • for BCR Non-life: non-life insurance in Romania,
  • for CAN Salud: non-life insurance products in Spain.
  • According to ONDD estimates based on the CAPM, a private investor in the Belgian non-life insurance sector would have demanded a minimum profitability of 7-8 % in 2004.
  • Definition: Net non-life insurance premiums (D.) are premiums payable under policies taken out by institutional units.
  • The host Member State shall not require that representative to undertake activities on behalf of the non-life insurance undertaking which appointed him other than those set out in paragraph 1.
  • Option to require non-life insurance undertakings covering motor vehicle liability risks under the freedom to provide services to submit certain information
  • In accordance with Article 4(1)(c) of Regulation (EU) No 1374/2014 (ECB/2014/50), NCBs shall collect data on non-life insurance technical reserves broken down by line of business and geographical area on an annual basis.
  • Households, SMEs, larger corporations, associations and public bodies contribute premiums that are equal to more than 5 % of GDP for life insurance and more than 3 % for non-life insurance.
  • Posta offers life insurance on behalf of Magyar Posta Eletbiztosito Zrt. and non-life insurance on behalf of Magyar Posta Biztosito Zrt.
  • In its previous decisions [31], the Commission has distinguished between three broad categories of types of insurances, namely: life insurance, non-life insurance and reinsurance.
  • Annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations

Alternatives:

  • nonlife insurance
  • non life insurance
  • nonlife coverage
  • non-life coverage
  • insurance excluding life coverage

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