Percentage of the policies belonging to the organization's clients that stay enrolled after their coverage term expires, during the reporting period.
IRIS metric citation
IRIS, 2016. Renewal Ratio (PI1275). v4.0.
Organizations should footnote all assumptions used.
As an example, a 90 percent renewal ratio means that for every 100 insured, 90 renew while 10 do not.
For more detail on the ratio and for guidance on interpretation, see the Microinsurance Network's Social Performance Indicators for Microinsurance, p. 18 (http://www.microfact.org/social-performance/).
March 2016 - IRIS v4.0 Released (current version)
Immaterial change. Minor modification to definition language for clarity.
March 2014 - IRIS v3.0 Released
New metric. Renewal Ratio (PI1275) developed via IRIS Taxonomy Group.
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