persistency

Definition

A factor important in underwriting; this term refers to the chance of the insurer's business not lapsing or being replaced by another insurer's coverage.

Use persistency in a sentence

I actually could not blame the company for their persistency and I thought it was interesting to say the least.

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You should always show good persistency so that people in your office know that you really care about how things go.

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Because of the constant fixed costs of underwriting, many insurance companies seek to write policies with high expected persistency so as to collect a long stream of premiums.

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