What does Persistency mean? Read on to discover the definition & meaning of the term Persistency - to help you better understand the language used in insurance policies.
Percentage of an insurance company's already written policies remaining in force, without lapsing or being replaced by policies of other insurers. Since persistency is a critical factor in the viability and success of insurance companies, they constantly look for ways to increase this percentage.
We hope the you have a better understanding of the meaning of Persistency.