The definitive guide to commercial insurance renewal
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Saving time
Achieving time savings is another challenge facing risk/insurance professionals during renewals.
From workflows that automate processes to existing questionnaire templates, a RMIS can save you considerable time
in the following areas:
• Creating the renewal questionnaire
A RMIS will come with a standard set of industry approved questionnaire templates. You will also have the
ability to quickly update the questionnaires and add in help files.
• Distributing questionnaires
Rather than having to send emails to different business units, workflows can be set up that automatically
notify users about the renewal questionnaire and send reminders.
• Checking data
Business rules can be set up to automatically check data for variances. Any potential errors will be notified to the
user and risk/insurance teams.
• Tracking questionnaire statuses
Dashboards within the RMIS will show which business units have completed, partially completed or yet to start
completing their renewal questionnaires.
• Automatic formatting
To prevent formatting inconsistencies, for example three digits missing from values, a RMIS will automatically
control the field settings.
• Producing charts and reports
Standard, interactive charts and reports will be provided within the RMIS that can be produced at the click of a
button, and allow for easy manipulation of your renewal data.
v
From workflows that
automate processes to
existing questionnaire
templates, a RMIS can save
you considerable time
