OPTIMIZING THE RENEWAL PROCESS WITH TECHNOLOGY 8
WHY SHOULD YOU
USE A RMIS FOR
YOUR RENEWAL?
We've already shared with you some of the main
factors for a successful market submission and how
your data will be used. Clearly, the volume of data
required for a successful submission can very quickly
mount up. For risk/insurance departments using
spreadsheets and paper-based records, this can
present a significant challenge and drain on resource.
In this section, we will address the key challenges clients
face when collecting renewal data, and focus on how a
modern RMIS can address these issues.
1. Easy access to renewal data
2. Integrating data into one central system
3. Saving time
4. Increasing data submissions
5. Improving data quality
6. Auditability
7. Achieving better communication and sharing information
