What does single loss retention mean?

Retention — (1) Assumption of risk of loss by means of noninsurance, self-insurance, or deductibles. Retention can be intentional or, when exposures are not identified, unintentional. (2) In reinsurance, the net amount of risk the ceding company keeps for its own account.

What does retention mean in education?

Retention rate is the percentage of a school’s first-time, first-year undergraduate students who continue at that school the next year. For example, a student who studies full-time in the fall semester and keeps on studying in the program in the next fall semester is counted in this rate.

What is the difference between a deductible and a retention?

The answer to the question what’s the difference between a deductible and a self insured retention is that deductibles reduce the amount of insurance available whereas a self insured retention is applied and the limit of insurance is fully available above that amount.

How do you measure retention in schools?

Retention Rate is defined as the percent of students enrolling in consecutive fall terms (e.g., Fall 2015 and Fall 2016). Both rates are calculated by dividing the number of students enrolled in both terms by the number of students enrolled in term one, less completers who subsequently left the college.

What’s the difference between a loss and a retention?

A retention is the amount of your loss that you pay. A retention is essentially a deductible, but there is a slight technical difference between the two. TL;DR (Too Long; Didn’t Read) People commonly associate retentions with deductibles.

What is the definition of retention in higher education?

Generally, higher education defines retention as one of the following: Students are retained from fall term in year 1 to spring term in year 1. Students are retained from fall term in year 1 to fall term in year 2. Retention rates are one of the most important measurements in higher education for two reasons:

What does retention mean on an insurance policy?

Insurance policies make for incredibly dull reading, so you probably haven’t read yours from front to back. If for some reason you ever do (like insomnia), you may find several mentions of an insurance retention. A retention is the amount of your loss that you pay.

What’s the difference between institutional retention and system retention?

institutional retention is the measure of the proportion of students who remain enrolled at the same institution from year to year. System Retention: System retention focuses on the student and turns a blind eye on which institution a student is enrolled.