Glossary entry

Spanish term or phrase:

netos

English translation:

net increase (decrease)

Added to glossary by Sarah Weston
Jan 27, 2016 05:08
8 yrs ago
5 viewers *
Spanish term

netos

Spanish to English Bus/Financial Insurance
"En relación con los resultados comerciales, Mr. X expone las cifras correspondientes a las altas, bajas y netos de la cartera de pólizas de asistencia sanitaria a XX XX 2015, comparándolas con las presupuestadas"

Thanks!
Proposed translations (English)
4 +2 net increase
4 +1 net figures/amounts
Change log

Feb 9, 2016 16:26: Sarah Weston Created KOG entry

Discussion

Sarah Weston (asker) Jan 27, 2016:
Another example sentence: Mr. X señala que la cartera de productos de asistencia sanitaria alcanza xxxx mil asegurados, 0000 netos vs. el presupuesto (AOP) y 000.000 netos con respecto al mismo periodo del ejercicio 2014, año en el que se registraron las bajas del colectivo YYY (00k).

Proposed translations

+2
3 hrs
Selected

net increase

I'm sure you realised that netos is net something, but I think it's specifically this. Obviously "altas" are new policies and "bajas" are lapsed or cancelled policies in the period under consideration. "Netos" are the difference, which in the insurance business are referred to as "net increase" (in principle, of course, it could be negative if the bajas exceed the altas).

This is from a legal judgment in a case referring to the well-known health insurance company Sánitas:

"En el citado Plan se subraya expresamente que sustituye al precedente con efectos de 1-11-2011, la empresa sigue reservándose los objetivos, pero varían los pesos de los objetivos con respecto al precedente, ya que las ventas o captaciones reducen su participación al 50%, al igual que los denominados "netos" que, del mismo modo que la cartera, priman la diferencia entre altas y bajas."
http://www.poderjudicial.es/stfls/SALA DE PRENSA/NOTAS DE PR...

This refers to life insurance but it's the same principle:

"Net increase (Life Insurance) — The amount of new policies written and renewed less the amount of policies lapsed or cancelled. This calculation helps the insurer to determine the total amount of business the insurer has in force during a specific time frame."
The Complete Dictionary of Insurance Terms Explained Simply, 191
https://books.google.es/books?id=1ylxRpt35WgC&pg=PA191&lpg=P...

Same term and definition here, this time specifically in relation to medical insurance:

"Net Increase. :
The increase in the total amount of business an insurer has to force over a given period of time. It is figured as the total of new policies issued plus those renewed less policies lapsed and cancelled. (LI)"
http://www.medecus.com/glossary/term/n

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Note added at 3 hrs (2016-01-27 08:52:44 GMT)
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In other words, it means the net increase (or decrease) in the number of policies over the period.
Note from asker:
Perfect, thanks very much Charles, that's really helpful!
Peer comment(s):

agree neilmac : As usual, you appear to have researched this much more thoroughly :)
43 mins
Thanks very much, Neil :)
agree lugoben
5 hrs
Thanks, lugoben :)
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks very much again Charles, sorry for the delay!"
+1
2 hrs

net figures/amounts

In terms of pay, a net amount represents pay after taxes have been subtracted. Gross benefits, on the other hand, represent an amount that includes taxes. This difference can be extrapolated to other areas, in which case "figures" is often a more suitable collocation than "amount".

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Note added at 2 hrs (2016-01-27 07:53:54 GMT)
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In the specific query context, "real figures" could be another option (para contrastar con "las presupuestadas").

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Note added at 2 hrs (2016-01-27 07:54:15 GMT)
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"If there is a difference between planned and actual figures, the difference is called a variance."
Peer comment(s):

agree José J. Martínez
9 hrs
Something went wrong...
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