Insurance

INSURANCE:
WITH OUR PROVEN EXPERTISE, WE’VE GOT YOU COVERED

Insurance is a specialization involving a highly particular set of needs and markets. Communications in this sector present a number of critical challenges, including terminological rigour, data security, and resource availability for sudden, large or exacting demands. With extensive experience providing insurance translation services, Versacom offers virtually limitless capacity along with security protocols that meet the most stringent industry and regulatory requirements.

TERMINOLOGY MANAGEMENT

Our experts are skilled at harmonizing terminology in the wake of a merger or acquisition. They can also distinguish the terms used for different sub-sectors or products, particularly when fundamental differences are integral to the accuracy of the client organization’s vocabulary as a whole.

REGULATORY CHANGES

Our qualified experts are well versed in the standards and requirements of regulatory bodies (AMF, FSCO) and industry associations (CLHIA, IBC). We have lengthy experience with issues surrounding content, culture and language register, and are meticulous in our compliance with security protocols.

ORGANIZATIONAL STRUCTURES AND RESTRUCTURING

Our insurance specialists have stood by their clients through waves of mergers and acquisitions—and the ensuing reorganizations. Not only can we effectively communicate the stakes and rationales of such transformations, but we also quickly become experts in the new products and advanced specializations that mark such industry shifts.

CREDENTIALS
AND EXPERIENCE

Versacom specializes in all key fields and sub-fields of insurance, and is well acquainted with their respective standards, regulations, concepts and terminology. Communicating this complexity in plain and simple language is our forte. Each client organization is assigned a dedicated team of specialized language professionals, many with the FLMI designation and/or other LOMA credentials in addition to their degree in translation. Our experts, many of whom have also worked for major insurers or the insurance divisions of financial institutions, have intimate industry knowledge, including regarding compliance with CLHIA guidelines and current legislation.

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Key fields and sub-fields of insurance

Life and health insurance

Individual insurance

Life insurance

  • Term life insurance
  • Permanent life insurance (universal life)

    Living benefits insurance

    • Disability insurance
    • Critical illness insurance
    • Long-term care insurance

    Business insurance

    • Buy sell life and disability insurance
    • Business overhead expense insurance
    • Key person insurance

      Wealth products

      • Segregated funds
      • Immediate annuity
      • Joint and survivor annuity

      Group insurance

      • Life insurance, dependant life insurance, optional life insurance
      • Long-term disability insurance
      • Short-term disability insurance
      • Accidental death and dismemberment insurance
      • Dental insurance
      • Supplementary medical benefits
      • Special risk insurance

      Property and casualty insurance

      • Automobile insurance
      • Home insurance
      • Travel insurance

      HAVE PRESSING TRANSLATION NEEDS IN INSURANCE?

      GET IMMEDIATE ASSISTANCE

      ACHIEVEMENTS FEW LANGUAGE PROVIDERS CAN MATCH

      Versacom has completed tens of thousands of insurance and reinsurance assignments in dozens of languages for Canadian and international private and public organizations. We keep abreast of industry changes through our professional development program and by working closely with our clients’ analysts, lawyers, auditors, brokers, advisers, and other experts or partners. No project or challenge is too big or too complex for us to take on.

      Translating for the insurance industry comes with its own set of challenges

      Language

      • Standardized translation and revision protocols
      • Complex and evolving terminology
      • Complexity and variety in specialized fields
      • Nuance and variety in language levels
      • Translated content leveraging
      • Wording and terminology standardization requirements
      • Consistent brand management
      • Certified translations

      Management

      • Fluctuations in demand
      • Project planning and deadlines
      • Unexpected and emergency demands
      • Crises within client organizations
      • Input and feedback from multiple sources
      • Multiple versions and updates
      • Extensive number checking in financial statements
      • Complex formatting
      • Proofreading

      Industry

      • New trends and developments
      • Multiplicity of products and services
      • Validation and approval from regulatory bodies
      • Staying apprised of current events
      • Diversity of target audiences
      • Critical time-to-market cycles
      • Public policy issues

      Regulatory

      • Industry standards: variety, complexity, specificity and evolution
      • Stringent compliance processes
      • Ongoing training and development requirements for industry experts

      PROFESSIONAL-GRADE EFFECTIVENESS

      Capacity and availability

      The capacity and availability to ensure you receive the full translation support you need for your major strategic projects and during peak periods.

      KNOWLEDGE OF THE INNER WORKINGS

      An intimate grasp of the insurance sector’s inner workings: tight deadlines, the multitude of internal and external stakeholders, and more. There is no margin for error, and our team knows how to play its role.

      Optimal management

      Professional and optimized management of all your original and translated content, with a view to maximizing:

      • Information and terminology consistency
      • Translated content leveraging
      • Efficiencies and savings
      • Security and confidentiality
      Get a free consultation and meet our experts

      SECURITY AND
      CONFIDENTIALITY

      When it comes to information security and confidentiality, Versacom has zero tolerance for failure. We are the chosen partner of the largest banks and government agencies, known for their stringent standards. Our comprehensive infrastructures, policies and processes ensure that we can meet any requirement. Our premises are subject to regular inspection by recognized third-party organizations. We also provide the guarantees required by each client along with evidence of our compliance.

      MORE ABOUT SECURITY AND RISK MITIGATION