The Hidden Cost of Last-Minute Renewals and What to Do About It
Last-minute renewals are quietly costing agencies more than they realize.
Last-minute renewals are quietly costing agencies more than they realize.
achieving the right balance between growth and retention is no small feat. The competing goals of expanding premium revenue and securing long-term clients often pull agents and brokers in different directions.
In personal lines, renewal challenges tend to center on scale. But in commercial lines, the issue isn’t just how many policies you manage—it’s how complex and fragmented the entire renewal process has become.
The insurance industry has seen some of the fastest technology growth in the last five years, perhaps ever. This aligns with consumer expectations, as today's insurance customers expect fast, seamless, and personalized experiences comparable to those offered by e-commerce ts like Amazon and Google
Manual renewal processes cost agencies time and money. Discover how automation can streamline servicing and boost profitability.
ReFocus AI streamlines renewals by prioritizing at-risk clients, automating tasks, and reducing servicing costs—boosting retention and profitability.
Boost retention with proactive workflows! Prioritize at-risk accounts, automate engagement, and reduce manual work. Read the full guide now!
The Brokerage Insurance Group + ReFocus AI! Leveraging AI-powered cancellation analytics to enhance renewals & boost retention efficiency.