Term used to refer to the length of time that insurance policies stay in force through the continued payment of premiums.
The probability of insurance to remain in force.
The degree to which policies stay in force through the continued payment of renewal premiums.
The renewal rate of insurance policies. A high persistency rate means that a high percentage of policies stay in force until the end of the policy term; a low persistency rate means that a high percentage of policies lapse. The term is applied particularly with reference to life insurance policies and annuities.
The percentage of policies that remain in force and have not lapsed. The higher the persistency for an insurer, the better the retention of business.
The rate at which policyholders keep their policies with a life insurer.
An insurance term used to refer to the probability of insurance remaining in force.
The ‘staying' quality of life insurance policies. High persistency means that a low percentage of policies lapse for non payment of premiums.
A term used to refer to the length of time insurance remains continuously in force.
the staying quality of insurance policies (renewals).
A measure of how long the various policies in a group of policies remain in force as a result of the continued payment of renewal premiums.
The staying quality of insurance policies, i.e., the renewal quality. High persistency means that a high percentage of policies stay in force to the end of the period coverage, while low persistency means that a high percentage of policies lapse for nonpayment of premiums.
A measure of the extent to which policyholders maintain their cover with an insurer by renewal of their policies.
Refers to whether insurance remains in force.
A measure of how long a policy holder keeps their policy with an insurer.
A measurement of an insurer's retention of in-force business. It refers both to insurance that is not surrendered and has not lapsed for non-payment.
The tendency or likelihood of insurance business not lapsing or being replaced by another insurer's product; an important underwriting factor.
The percentage of insurance policies that stay in force and do not lapse.