If you're in the business of insurance management,
the insurance renewal period is crunch time — both in
the sense that you will be crunching a lot of numbers,
but also in that the outcome can be the difference in
hundreds of thousands of dollars to your premium.
We understand that this is a multi-faceted process. Juggling
dozens of documents; chasing up recalcitrant colleagues; and
verifying and amending data in multiple spreadsheets can
create a very stressful situation, even for the calmest among us.
Yet it doesn't have to be this way. We've compiled some
strategies to ensure that the process isn't so taxing. These
strategies can help you establish a more comprehensive
process, which will give you the most consistent data to
work with. As a result, you'll get the best possible policy and
premiums for your company.
Let's go.
IS THIS YOU?
Are you juggling a host of spreadsheets?
Are you unsure of all your company's exposures across
your operations?
Do you pass the burden of renewal onto your broker or pass
the problem onto your underwriter?
Do you spend too much time administering the renewal?
Do you struggle to get the presentation finished on time?
Do you wonder if you could get a better outcome if you
provided better information to your underwriter?
Are you constantly chasing colleagues for outstanding
questionnaires?
Is your process not adequately tailored for the unique
quirks of your business?
Are you finding it difficult to consolidate and assess several
years' worth of data?
Would you like to improve the standard of your submission?
VENTIV RENEWAL PROCESS – A ZEN GUIDE
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