replacement ratio
The replacement ratio is a ratio used by life insurance companies to determine the amount of new insurance premium that must be developed to replace lost premium because of cancellations and policies being terminated through the payment of death benefits.
replacement ratio
The replacement ratio is a ratio used by life insurance companies to determine the amount of new insurance premium that must be developed to replace lost premium because of cancellations and policies being terminated through the payment of death benefits.
Additional Information
The replacement ratio can be developed based on the number of new to lost policies or based on policy face amounts lost to the face amounts of new policies.
