Alapse ratio, or expiration ratio, is a measure of policies issued by an insurance company that are not renewed compared to the number of policies that were active at the beginning of that same period. The ratio serves as an important indicatorin the insurance industry because it reveals how ...
Define lapse rates. lapse rates synonyms, lapse rates pronunciation, lapse rates translation, English dictionary definition of lapse rates. n. The rate of decrease of atmospheric temperature with increase in altitude. American Heritage® Dictionary of
On Voluntary Terminations of Life Insurance: Differentiating Surrender Propensity From Lapse Propensity Across Product TypesUnderstanding the causes of voluntary terminations is important to the service quality, profitability, and risk management of the life insurer. This article extends the literature on ...
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