Glossary entry

French term or phrase:

en précompte

English translation:

(FR) front-end loaded; 'into front-end loading'; BEL > PAYE or ACT

Added to glossary by Adrian MM.
May 14, 2019 08:51
5 yrs ago
3 viewers *
French term

en précompte

French to English Bus/Financial Insurance
From a company profile in the insurance sector:

Il enrichit rapidement sa gamme de produit tiers par des produits propriétaires exclusifs avec des assureurs de premier ordre. Sa vision long-terme le pousse à négocier dès l'origine des rémunérations linéaires (vs. le marché qui est essentiellement en précompte).
Change log

May 21, 2019 08:52: Adrian MM. Created KOG entry

Discussion

tatyana000 (asker) May 14, 2019:
Here's a bit more info - this part is describing the company founder's great achievements. He's the "il" in the first sentence. It's a French company, btw. As I understand it, his great achievement is that he has ensured that the business gets a steady and predictable income from its customers who pay monthly insurance premiums. Could précompte mean that the money is paid up front? I'm just guessing here, trying to find a contrasting term for "steady income stream."
Ph_B (X) May 14, 2019:
More information is needed if we're to answer this in any useful way. Précompte can mean all sorts of things in insurance. Two that immediately come to mind: "discount" and "withholding" but how are we to decide? The meaning can also depend on the country. Our Belgian friends have sthg called précompte professionnel. Who's il and what part do they play in the world of insurance? Your first sentence makes it sound as if we're talking of a broker/underwriting agency/intermediary selling their own ins. products (in addition to those from others) backed by 1st-class insurers. En précompte also makes me think of intermediaries whose commission is higher the 1st year, but lower when the policies (?) come up for renewal. Bref, this is impossible to answer.
writeaway May 14, 2019:
Have you already checked the glossary?? Or other resources?

Proposed translations

8 hrs
Selected

(FR) front-end loaded; 'into front-end loading'

We now know the country in France, the asker's hunch of payment upfront looking plausible though I was gravitating towards to Ph_B's Belgian-slanted précompte professionnel comments that might change the emphasis to a PAYE or payrolled scenario.

le marché qui est essentiellement en précompte: the insurance market that is, in the main. front-end loaded.

Otherwise, as per the first web ref, it can in BE also denote ACT - advance corporation tax withheld by companies, such as ones 'into' property dealing.
Example sentence:

A front-end load is a commission or sales charge applied at the time of the initial purchase of an investment. The term most often applies to mutual fund investments, but may also apply to insurance policies or annuities.

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4 KudoZ points awarded for this answer. Comment: "Thank you! This sounds right."
10 hrs

upfront (commision payment)


précompte can describe one of the ways insurance intermediaries are paid, esp. where life/health ins. policies are concerned.

Cf. "Le fonctionnement du précompte
...Les commissions précomptées sont des avances sur rémunération représentant une année de commissions par contrat.

(https://www.argusdelassurance.com/juriscope/analyses-d-exper...

Do you know if il is an insurance intermediary and if that's the market referred to in your question?

Since the question refers to France, this study from the French Senate (re: transposition de la directive(UE) 2016/97 du 20 janvier 2016) has some relevant information, esp. under section 2: "(2) La question des commissions « précomptées » (upfront commissions)": https://www.senat.fr/lc/lc276/lc276_mono.html

By way of practical example, this ad from an ins. co. meant for brokers:

ATTRACTIVITÉ
Commissionnement attractif en précompte et escompte ou en linéaire.

(https://www.2ma.fr/sante-individuelle/)

All of this subject to context...

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Note added at 10 hrs (2019-05-14 19:42:17 GMT)
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Oops - read "commission"...
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