Sep 16, 2020 00:49
3 yrs ago
24 viewers *
Italian term

titoli non-incassati

Italian to English Bus/Financial Finance (general)
This term comes in a document from an insurance company. The context is not particularly helpful as it comes as part of a list.

"A tal riguardo, la Funzione Controllo Reti nel corso del 2019 ha revisionato il piano dei controlli integrandolo attraverso (i) un monitoraggio a distanza di alcuni indicatori IDD (ad es. reclami, incidenti operativi, controllo documentale, gestione **titoli non incassati**, analisi di dati legati alla produzione, tasso di conversione, tasso di disdette, loss ratio, frequenza sinistri, presenza di sinistri fraudolenti, ecc), (ii) lo svolgimento di verifiche a campione sulla documentazione contrattuale non pervenuta, con focus sul canale bancario."

Thanks!

Discussion

Tony Keily Sep 17, 2020:
"management of uncollected claims?" Uncollected claims might be confusing in the context! It's really uncollected premiums, but the problem is that we seem to be dealing the instruments of payment themselves.

https://ilbroker.it/2018/11/28/avv-angela-fiorella-la-gestio...

has more on the process of handling payments and "titoli" involved.
Tony Keily Sep 17, 2020:
We are dealing with premium payments received by brokers in the form of certain instruments that can't be collected. It seems these instruments aren't limited to cheques, although the bulk of such payments would be cheques that aren't honoured.
http://www.bs.camcom.it/files/TutelaMercato/PARTE_IV.pdf
makes it clear that these are not instruments pending collection, but overdue payments.
Sarah Weston (asker) Sep 16, 2020:
Could it be... management of uncollected claims?

Proposed translations

1 hr

uncleared checks

it seems that checks are the only kind of instrument which can remain uncleared.
Uncleared is an ugly word, but it is what it is.
Something went wrong...
1 day 15 hrs

payments not collected

For anything better you need to ask the Funzione Controllo Reti. These "titoli" are clearly pieces of paper which give a right to receive a payment which could be anything from a letter (we have agreed to pay your claim) to a cheque or a contract.
I have looked through the bilingual version of the IDD (Insurance Distribution Directive) and can find no list of these indicators: no loss ratio, no fraudulent claims etc. However these are checks on the reti, the distribution network, mainly on claims, but just might be on premiums. The answer given covers all possible payments and uses the word "collected" which would cover people not actually attempting to collect a payment (e.g. a payee not paying in a cheque) and people not making payments (a bounced cheque not nonoured).
Bottom line: telephone the author.
Something went wrong...
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