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Renewal Ratio (PI1275)

Percentage of the policies belonging to the organization's clients that stay enrolled after their coverage term expires, during the reporting period.
Calculation:
Reporting format
Decimal
Metric type
Flow
Metric level
Product/Service, Organization
IRIS metric citation
IRIS, 2016. Renewal Ratio (PI1275). v4.0.

Footnote

Organizations should footnote all assumptions used.

Usage Guidance

  • 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/).