Retention ratio of the total insurance market worldwide 2019-2022, by country

Published by
Jennifer Rudden,
Nov 1, 2024

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.

Retention ratio of the total insurance market worldwide from 2019 to 2022, by country

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Release date

May 2024

Region

Worldwide

Survey time period

2019 to 2022

Special properties

Only OECD members are included.

Supplementary notes

The source did not provide recent information for Canada, Estonia or Ireland, so these countries have been excluded from this statistic.

Release date is the date the database was accessed.

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