A renewal handled in the last fortnight gets you whatever the incumbent feels like offering. There’s no time to market the account, nobody to negotiate against, and no chance to show off the improvements that would have earned you better terms.
We start ninety days out. Exposure data updated, a submission built to present the risk well, a selected market approached, and the negotiation run on terms, limits and deductibles rather than just the price.
What you get
Real competition
Enough lead time for a genuine market, which is the main lever on price there is.
Presented well
A submission that shows your risk accurately and in a good light.
Terms, not just price
Deductibles, sublimits and conditions all negotiated too.
Wording checked
The bound policy read against what you were quoted.
How it works
90 days out
Exposure data refreshed, loss runs pulled, improvements written up.
60 days out
Submission built and put in front of a selected market.
30 days out
Quotes compared on cover as well as price, and the terms negotiated.
Bind and check
Placed, then we read the wording against what was quoted.
Renewal Strategy
Let's talk about renewal strategy.
Renewals run properly: going to market early, building a submission worth reading, creating real competition, and negotiating on terms as well as price.