The definitive guide to commercial insurance renewal
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Increasing data submissions
One of the key success factors of any commercial insurance renewal is that each
business unit submits their data. After all, one late submission from a territory can
hold up the whole process.
While a RMIS can make the questionnaire easier to access and complete, in our experience,
getting your staff ready for using the system is just as crucial.
• Align staff
Bring representatives from your risk/insurance team and business units together, to agree
upon your ideal renewal process and set KPIs and timescales.
• Run webinars and workshops
Prior to the renewal questionnaire being sent, hold events to walk users through the
process and point out any updated or important areas.
• Evolve the questionnaires
Use the RMIS to identify where users had difficulty answering questions and then update/
change them for the next year's renewal.
• Communicate the result and highlight successes
Showcase how a proactive approach to risk management has delivered value, such as
premium allocation savings, throughout the organisation.
While a RMIS can make the
questionnaire easier to access
and complete, in our experience,
getting your staff ready for using
the system is just as crucial.