Solutions / Insurance agencies / Deciding which renewal increases are worth remarketing

Deciding which renewal increases are worth remarketing

A statewide rate filing and a chargeable accident put the same number on a renewal declarations page, and only one of them is worth requoting. The comparison against expiring premium is arithmetic, and download already carries what it needs. The judgement is why the premium moved, because requoting a risk that has just picked up a violation returns a worse number and teaches the insured to shop. Rating the whole book also pulls reports you had no reason to pull.


Context / insurance agencies Why this one is worth doing here

A certificate request arrives as a sentence in an email, and answering it correctly requires deciding which endorsements the policy actually grants.

The agency management system is the record, and a standardised download feed keeps parts of it current. The feed is positional flat file in origin, its coverage varies by carrier and by line of business, and a policy that arrives without matching an existing record lands in a queue somebody clears by hand.

Systems this usually touches

  • EZLynx
  • IVANS Download
  • Outlook

When this is the wrong thing to build

Pick something else if personal lines sits with two carriers, because the comparison you can put in front of the insured is thin and they will work that out. It does not fit commercial renewals either, where the conversation starts long before a number exists.

The constraint that shapes it

Producing a quote or binding coverage happens under a licence that is issued per state and per line, and separately under a carrier appointment, so a person can be licensed without being appointed. More on how this sector works.

The same shape elsewhere / Intake and routing 12 sectors run it

Something arrives from anywhere. It becomes one record with one owner. Read what this shape is, or start from one of these.

Real estate
Turning portal leads into one shape a person can work
Real estate
Turning an after hours maintenance call into one work order
Law firms
Entering a new client once instead of four times
Law firms
Filing client email to the matter instead of the inbox
Field services
Booking a service call without a person typing it
Field services
Sorting a return visit into callback or new work
What people ask about this 5 of them
  • How do I find which renewals had the biggest premium increase this month?
  • Should I remarket a renewal when the increase came from a rate filing?
  • Does requoting a personal auto renewal pull a new report every time?
  • How do agencies decide which at risk renewals to shop?
  • Where does the renewal premium show up in carrier download?

Back to insurance agencies, or see how this is priced and scoped.