Retention ratio of the total insurance market worldwide 2019-2022, by country
In 2022, the OECD country with the highest reinsurance retention rate (combined life and non-life) was Finland, with 99.2 percent. This means that 99.2 percent of the premiums taken on by Finnish insurers were kept on their books, rather than being passed to reinsurers. By comparison, the OECD average is 85.6 percent, while the United States and the United Kingdom reported retention ratios of 82.1 and 76.3 percent, respectively.