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Meaning of "self-insurance" in the English dictionary

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PRONUNCIATION OF SELF-INSURANCE

self-insurance play
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GRAMMATICAL CATEGORY OF SELF-INSURANCE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Self-Insurance is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES SELF-INSURANCE MEAN IN ENGLISH?

Self-insurance

Self-insurance is a risk management method in which a calculated amount of money is set aside to compensate for the potential future loss. If self-insurance is approached as a serious risk management technique, money is set aside using actuarial and insurance information and the law of large numbers so that the amount set aside is enough to cover the future uncertain loss. Self-insurance is possible for any insurable risk, meaning a risk that is predictable and measurable enough in the aggregate to be able to estimate the amount that needs to be set aside to pay for future uncertain losses. For a risk to be insurable, it must represent a future, uncertain event over which the insured has no control. Other characteristics which assist in making a risk self-insurable include the ability to price or rate the risk. If the insurable event is one in a large number of similar risks, the aggregate risk can be estimated according to the law of large numbers and the probability of that event occurring in the future can be quantified. Normally, catastrophic risks are not self-insured as they are highly unpredictable and high in loss-value.

Definition of self-insurance in the English dictionary

The definition of self-insurance in the dictionary is the practice of insuring oneself or one's property by accumulating a reserve out of one's income or funds rather than by purchase of an insurance policy.

WORDS THAT BEGIN LIKE SELF-INSURANCE

self-image
self-immolation
self-importance
self-important
self-importantly
self-imposed
self-improvement
self-incompatibility
self-incompatible
self-induced
self-inductance
self-induction
self-inductive
self-indulgence
self-indulgent
self-indulgently
self-inflicted
self-interest
self-interested
self-interestedness

WORDS THAT END LIKE SELF-INSURANCE

advance
appearance
assurance
car insurance
clearance
disappearance
endurance
entrance
fragrance
France
health insurance
ignorance
insurance
life insurance
put in an appearance
remembrance
tolerance
Torrance
trance
travel insurance
zero tolerance

Synonyms and antonyms of self-insurance in the English dictionary of synonyms

SYNONYMS

Translation of «self-insurance» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF SELF-INSURANCE

Find out the translation of self-insurance to 25 languages with our English multilingual translator.
The translations of self-insurance from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «self-insurance» in English.

Translator English - Chinese

自我保险
1,325 millions of speakers

Translator English - Spanish

autoseguro
570 millions of speakers

English

self-insurance
510 millions of speakers

Translator English - Hindi

आत्म बीमा
380 millions of speakers
ar

Translator English - Arabic

التأمين الذاتي
280 millions of speakers

Translator English - Russian

самострахование
278 millions of speakers

Translator English - Portuguese

auto-seguro
270 millions of speakers

Translator English - Bengali

স্ব-বীমা
260 millions of speakers

Translator English - French

d´auto-assurance
220 millions of speakers

Translator English - Malay

Insurans diri
190 millions of speakers

Translator English - German

Selbstversicherung
180 millions of speakers

Translator English - Japanese

自家保険
130 millions of speakers

Translator English - Korean

자기 보험 (self-insurance)
85 millions of speakers

Translator English - Javanese

Asuransi jiwa
85 millions of speakers
vi

Translator English - Vietnamese

tự bảo hiểm
80 millions of speakers

Translator English - Tamil

சுய காப்பீடு
75 millions of speakers

Translator English - Marathi

स्वयं-विमा
75 millions of speakers

Translator English - Turkish

Kendi kendine sigortası
70 millions of speakers

Translator English - Italian

autoassicurazione
65 millions of speakers

Translator English - Polish

samo- ubezpieczenia
50 millions of speakers

Translator English - Ukrainian

самострахування
40 millions of speakers

Translator English - Romanian

auto- asigurare
30 millions of speakers
el

Translator English - Greek

αυτασφάλιση
15 millions of speakers
af

Translator English - Afrikaans

selfversekering
14 millions of speakers
sv

Translator English - Swedish

självförsäkring
10 millions of speakers
no

Translator English - Norwegian

selv-forsikring
5 millions of speakers

Trends of use of self-insurance

TRENDS

TENDENCIES OF USE OF THE TERM «SELF-INSURANCE»

The term «self-insurance» is normally little used and occupies the 112.427 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
48
/100
The map shown above gives the frequency of use of the term «self-insurance» in the different countries.
Principal search tendencies and common uses of self-insurance
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «self-insurance».

FREQUENCY OF USE OF THE TERM «SELF-INSURANCE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «self-insurance» during the past 500 years. Its implementation is based on analysing how often the term «self-insurance» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about self-insurance

EXAMPLES

10 ENGLISH BOOKS RELATING TO «SELF-INSURANCE»

Discover the use of self-insurance in the following bibliographical selection. Books relating to self-insurance and brief extracts from same to provide context of its use in English literature.
1
International Reserves and Self-Insurance Against External ...
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.
Régis Barnichon, 2008
2
Reforming FDIC Insurance with FDIC-Sponsored Deposit ...
Reforming. FDIC. Insurance. with. FDIC-Sponsored. Deposit. Self-Insurance. By Panos Konstas* June 2005 ... REFORMING FDIC INSURANCE WITH FDIC- SPONSORED DEPOSIT SELF-INSURANCE INTRODUCTION Although deposit I.
Panos Konstas, 2011
3
Theory and Practice of Insurance
The. Concept. of. Self-Insurance. The words self and insurance seem to be contradictory.5 One of the basic idea of insurance is to transfer the financial risk to another entity called the insurer. However, the basis for applying the insurance  ...
J. Francois Outreville, 1998
4
International Reserves and Self - Insurance Against External ...
exports growth, an average Sahel country faces a fifteen percent decline every 10 years with a 5 percent decline in exports growth.12 By calibrating the model to these transition probabilities and assuming that a terms of trade shock lasts for a  ...
5
Sudden Stops and Optimal Self-Insurance
Since the probability of a sudden stop under optimal self-insurance *P is uniquely determined by (5a), the value of ˆγ consistent with the optimal level of reserves, denoted by *ˆγ , is simply given by ** ˆ 1P γ =− according to (9). For the implied ...
Jun Il Kim, 2008
6
Workers Compensation: A Reference and Guide
A formal self-insurance program for a very large employer may occasionally involve pure self-insurance, where no insurance company or policy is involved, but most workers compensation self-insurance programs involve at least some ...
Peter M. Lencsis, 1998
7
Structured Finance and Insurance: The ART of Managing ...
Pseudo-self-insurance acquired through voluntary increases in a deductible are obviously specific to the risk(s) underlying the (re)insurance policy in question. Consider, for example, a U.S. firm that has over $1 million in losses per year on a  ...
Christopher L. Culp, 2011
8
Self-insurance: A Risk Management Alternative
As of July 1, 1975, the Financial Accounting Standards Board (FASB) stunted the growth of self-insurance with the development of rule five. What appeared to be merely a change in accounting procedures of interest only to accountants was a ...
Claude C. Lilly, 1978
9
Policy Issues in Insurance Insurance and Expanding Systemic ...
Self-insurance may therefore certainly play a role as a guarantee of financial security, provided that the conditions set out above are met. This means that there needs to be a guarantee (via regulation) that the amounts set aside for this goal ...
OECD, 2003
10
Alternative Risk Transfer for Workers' Compensation ...
own, and self-insurance is usually regarded as one risk transfer alternative.45 Chang and Weiss (2008) indicate that the main growth in self-insurance for WC comes from health services, and hospitals are the primary establishments in this  ...
Mu-Sheng Chang, 2008

10 NEWS ITEMS WHICH INCLUDE THE TERM «SELF-INSURANCE»

Find out what the national and international press are talking about and how the term self-insurance is used in the context of the following news items.
1
No Rush to Self-Insure Health Benefits Yet
Large employers (with 1,000 or more workers) have driven the upward trend in overall self-insurance. However, EBRI found there is no evidence that smaller ... «PLANSPONSOR, Jun 15»
2
Hailey mulls staying in self-insurance pool
Despite expressing strong rhetoric against the Idaho Intergovernmental Authority (III-A) self-insurance pool earlier this month, Hailey leaders are waiting to see if ... «Idaho Mountain Express and Guide, Jun 15»
3
Hailey to pull out of III-A self-insurance pool
The Hailey City Council voted unanimously Monday to pull out of the Idaho Intergovernmental Authority (III-A) self-insurance pool after four years. The city ... «Idaho Mountain Express and Guide, Jun 15»
4
Pinellas school district moves closer to self-insurance
Grego added the federal Affordable Care Act made self-insurance more viable than in the past. During a workshop Tuesday, he and his staff reviewed the pros ... «Tampabay.com, May 15»
5
Defined contribution health care pairs with self-insurance
Self-insurance is viewed by many as a key strategy for curbing rampant health care costs. This approach enables employers to exert a higher level of control ... «Business Insurance, May 15»
6
Health conference addresses self-insurance, subsidies, BadgerCare
Shifting state worker health benefits from a competitive HMO model to self-insurance, which a state-hired consultant said would save at least $50 million a year, ... «Madison.com, Mar 15»
7
Consultant: It's too soon for self-insurance in Wisconsin
MADISON, Wis. (AP) - It's not feasible to move to a self-insurance model for Wisconsin state employees next year, but such a change could save the state up to ... «Fox11online.com, Mar 15»
8
Self-insurance draws new converts among small employers
An Affordable Care Act-fueled surge in self-insurance for medical benefits among smaller employers appears to have leveled off somewhat, but not due to any ... «Employee Benefit News, Mar 15»
9
Sedgwick to Oversee Louisiana Property/Casualty Self-Insurance
A new private contractor is being hired to oversee claims processing and loss prevention services for Louisiana's self-insurance program. The Office of Risk ... «Insurance Journal, Mar 15»
10
Self-insurance could be small business option
Self-insurance, in which businesses go off the traditional insurance grid and handle claims on their own, has become more popular among large employers over ... «Washington Post, Nov 14»

REFERENCE
« EDUCALINGO. Self-Insurance [online]. Available <https://educalingo.com/en/dic-en/self-insurance>. Apr 2024 ».
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