The definitive guide to commercial insurance renewal
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The insurance renewal timetable
task duration (days) months 1 2 3 4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Client renewal strategy meeting & report generation 6
Client consolidates and verifies renewal data Enter here:
Broker obtains risk information from client 50
Broker verifies and analyses renewal data and updates insurer documentation 50
Insurance marketing and presentations (including underwriting risks) 45
Renewal meeting 7
Bind / Finalise insurances and confirm to client 17
Renewal date 1
Post placement renewal activities 30
Ongoing communication 364
