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The definitive guide to commercial insurance renewal

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The definitive guide to commercial insurance renewal Aon eSolutions 14 share this guide 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.

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