Denmark was the the OECD country with the highest reinsurance retention rate for life insurance in 2021, with 99.9 percent. This means that 99.9 percent of life insurance premiums taken on by Danish insurers were kept on their books, rather that being passed to reinsurers. This compares to an OECD average of 81.9 percent, a ratio of 71.8 percent in the United States, and 86.4 percent in the United Kingdom.
Retention ratio of the life insurance market worldwide in 2021, by country
*Latest data is from 2020.
**Latest data is from 2019.
***Latest data is from 2018.
The source did not provide recent information for Estonia or Ireland, thus both countries have been excluded from this statistic.
Release date is the date the database was accessed.
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OECD. (November 7, 2023). Retention ratio of the life insurance market worldwide in 2021, by country [Graph]. In Statista. Retrieved October 15, 2024, from https://www.statista.com/statistics/1268835/life-insurance-retention-ratio-worldwide-country/
OECD. "Retention ratio of the life insurance market worldwide in 2021, by country." Chart. November 7, 2023. Statista. Accessed October 15, 2024. https://www.statista.com/statistics/1268835/life-insurance-retention-ratio-worldwide-country/
OECD. (2023). Retention ratio of the life insurance market worldwide in 2021, by country. Statista. Statista Inc.. Accessed: October 15, 2024. https://www.statista.com/statistics/1268835/life-insurance-retention-ratio-worldwide-country/
OECD. "Retention Ratio of The Life Insurance Market Worldwide in 2021, by Country." Statista, Statista Inc., 7 Nov 2023, https://www.statista.com/statistics/1268835/life-insurance-retention-ratio-worldwide-country/
OECD, Retention ratio of the life insurance market worldwide in 2021, by country Statista, https://www.statista.com/statistics/1268835/life-insurance-retention-ratio-worldwide-country/ (last visited October 15, 2024)
Retention ratio of the life insurance market worldwide in 2021, by country [Graph], OECD, November 7, 2023. [Online]. Available: https://www.statista.com/statistics/1268835/life-insurance-retention-ratio-worldwide-country/
