In the fiscal year 2022, the life insurance retention ratio in Japan was 77.6 percent. The retention ratio measures the proportion of premiums, or risk, that an insurer does not transfer to a reinsurer and is calculated by dividing net written premiums by total gross premiums.
Retention ratio of the life insurance market in Japan from fiscal year 2013 to 2022
fiscal year 2013 to 2022; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year
Supplementary notes
The source does not provide an exact publication date. Date given here is the day of data access.
Premiums were converted into US dollars using end-of-period exchanges rates for figures valued at the end of the year, and period-average exchange rates for flows during the year.
Retention ratio = Net written premiums/Total gross premiums
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OECD. (January 8, 2024). Retention ratio of the life insurance market in Japan from fiscal year 2013 to 2022 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1359699/japan-life-insurance-retention-ratio/
OECD. "Retention ratio of the life insurance market in Japan from fiscal year 2013 to 2022." Chart. January 8, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1359699/japan-life-insurance-retention-ratio/
OECD. (2024). Retention ratio of the life insurance market in Japan from fiscal year 2013 to 2022. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1359699/japan-life-insurance-retention-ratio/
OECD. "Retention Ratio of The Life Insurance Market in Japan from Fiscal Year 2013 to 2022." Statista, Statista Inc., 8 Jan 2024, https://www.statista.com/statistics/1359699/japan-life-insurance-retention-ratio/
OECD, Retention ratio of the life insurance market in Japan from fiscal year 2013 to 2022 Statista, https://www.statista.com/statistics/1359699/japan-life-insurance-retention-ratio/ (last visited December 22, 2024)
Retention ratio of the life insurance market in Japan from fiscal year 2013 to 2022 [Graph], OECD, January 8, 2024. [Online]. Available: https://www.statista.com/statistics/1359699/japan-life-insurance-retention-ratio/
