Translation of "Großschaden" in English

Even though volatility can present major loss’s it can present...

Damage prevention by thermography (e.g. switchboards) is also possible before large damage occurs.

They are on site as quickly as possible to help the company concerned (for which a large loss is generally an exceptional one-time occurrence) quickly restore unrestricted operational capability.

If there is also a major loss event, the profitability of the insurance policy concerned or the entire hospital portfolio will generally be negative.

The claims reflect a slight increase in the average amount of compensation, with a noticeable peak in 2016 resulting from major damage to a German hospital (see Figure1).

The explosion at the Port of Tianjin, the only large loss to impact the marine market in 2015, failed to bring about any broad-based hardening.

Also, the low level of new car sales across the region, the introduction of the crisis tax for financial institutions in Hungary, and a write-off of reinsurance receivables for 2009 on a large claim in Russia, affected the result.

The explosion at the Port of Tianjin, theonly large loss to impact the marine market in 2015, failed to bring aboutany broad-based hardening.In the offshore energy sector low oil prices continue to depress demand forprimary insurance coverage.

By examining the expected claims burden for the same period in Germany (also known as the claims rate, a ratio based on registered claims and insured sums), we see that there is an average expected financial loss in the region of around 0.14‰ of the total value insured. This value is relatively low and, given the probability of a claim, it is an indication that the fire damage to be expected in individual cases is relatively small – with the exception of peaks in years when major damage occurred.

Expenditure on large losses was again very moderate.

The burden of man-made large losses amounted to just under EUR 30 million.

Major losses in the fourth quarter, however, went clearly over budget.

The underwriting result benefited from a benign natural catastrophe environment and lower large losses.

The burden of large losses thus remained below the budgeted level for 2016 of EUR 825 million.

We also support clients in the processing and handling of major damages (disasters).

The loss ratio improved only slightly in the first half despite lower losses from storm and flood damages.

The underwriting result improved, benefiting from lower claims from natural catastrophes and large losses.

The reinsurance industry is a global network because that is the only way to obtain a sufficient spread of the risk of major losses and disasters.

These include major non-recurrent payments in compensation for extensive damages or serious injuries not covered by insurance policies, large gifts, legacies and donations, including those to non-profit institutions.

These include major non-recurrent payments in compensation for extensive damage or serious injuries not covered by insurance policies, large gifts, legacies and donations, including those to non-profit institutions.

Works reporta show that damage to rolling mill drive systems belongs to the moet frequent examples of major failure (Fig. 24).

The Group's underwriting result improved nonetheless due to a general improvement in the underlying loss ratio, lower claims from large losses, plus better run-off- and expense ratios. Â

The center has investigated many similar major industrial losses during its 80 years of existence – from the Hindenburg airship disaster (1937) to the turbine shaft accident at the Irsching power plant in 1987 to material problems in modern power plant boilers.

Based on unusually high expenses for major losses from natural disasters amounting to more than 500 million euros during the first quarter, operating profit for the Property-Casualty segment will be below the previous year's level.

The combined ratio improved compared to the previous year to 97.1% due to a decrease in large losses (2016: 98.2%).

Criminal attacks on security gaps can cause considerable damage – whether they result in data theft at hospitals, sabotage in factories, power failures or industrial espionage.

The underwriting result was pressured by higher claims from natural catastrophes and higher large and weather-related losses.

We point out that pursuant to its item 23, the liability of the carrier for the shipment in the event of loss or damage to goods is generally limited to € 5 per kilo of gross weight and that in the event of a transport contract with various means of transport, as well as of major damages, liability is limited to 2 SDRs per kg.