MLchartDataset catalogue

Lapse ratio

Term · Insurance and risk management · MLC-T-INS-001954

A metric used by insurance companies, particularly in life insurance, to measure the rate at which policies are terminated due to non-payment of premiums or voluntary surrender. It is calculated as the number of policies lapsed or surrendered over a period, divided by the total number of policies in force. A high lapse ratio can indicate customer dissatisfaction or economic hardship.

Table 1. Record
IdentifierMLC-T-INS-001954
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001954",
  "term": "Lapse ratio",
  "field": "Insurance and risk management",
  "definition": "A metric used by insurance companies, particularly in life insurance, to measure the rate at which policies are terminated due to non-payment of premiums or voluntary surrender. It is calculated as the number of policies lapsed or surrendered over a period, divided by the total number of policies in force. A high lapse ratio can indicate customer dissatisfaction or economic hardship.",
  "url": "https://mlchart.com/terminology/insurance/lapse-ratio/"
}

Record 1,864 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.