Sign in

Blog · Coverage and territory · Insurance brokers

Renewal watch for commercial brokers: the policies expiring with no remarketing activity

How a commercial insurance broker builds a ninety-day renewal watch from the policy system and the activity log: every policy expiring in the window, whether remarketing activity has been logged, ranked by premium per producer, and the reconciliation that keeps the watch honest.

The short answerThe renewal watch lists every policy expiring in the next ninety days that has no remarketing activity logged in the last sixty, ranked by premium per producer. Build it from the policy export's expiry dates joined to the activity log on the client identifier, count the policies with no expiry date as their own line, and reconcile the expiring premium by producer to the book so the watch describes the whole renewal quarter.

Retention is a broker's largest number and its least examined one. Most books retain around nine policies in ten, and the tenth usually left without a conversation. The policy system knows every expiry date; the activity log knows every conversation. Joined, they produce the list of renewals nobody has touched, in time to do something. This guide sets it out.

The measure

Per policy:

Expiring = expiry date inside the next 90 days Silent = no qualifying activity on the client in the last 60 days On watch = expiring and silent

Per producer:

Watch list ranked by premium, and the share of expiring premium that is silent

The rows you need

  • Policy export: policy, client, line, premium, expiry date, producer.
  • Activity log: client, producer, date, type.
  • Activity types: the list that counts as remarketing.

Client identifiers only.

Building it

  1. Expiring policies in the window, from the export.
  2. Last qualifying activity per client, from the log.
  3. On watch where the last activity is older than the silence threshold.
  4. Rank per producer by premium.
  5. Assert that expiring premium by producer sums to the book's expiring premium, and count policies with no expiry date.

expiring premium = Σ producers (expiring premium)

A worked watch

One producer, ninety-day window, this week.

Client Line Premium Expires in Last activity On watch
C-701 Property £62,000 71 days 84 days ago Yes
C-712 Fleet £18,400 38 days 12 days ago No
C-730 D&O £9,200 55 days 91 days ago Yes
C-744 Liability £4,100 88 days 200 days ago Yes

Three of four expiring policies are silent, £75,300 of premium, and the largest is a property programme ten weeks out. That is the producer's week, and the office head can see that this producer's silent share is 80 percent of expiring premium against an office median of 30.

Where it goes wrong

Activity logged against the wrong client. A conversation logged against a subsidiary leaves the parent's policy silent. Roll activity up to the contracting entity.

Expiry dates missing. Policies without one never expire in the report. Count them; they are usually mid-term adjustments exported as policies.

Types too broad. An automated renewal notice counts as activity and the watch is empty. Two-way contact only.

Watch read without the book. A producer with a short watch list and a small book is not doing well; a producer with a long list and a large book may be fine. Show the silent share of expiring premium, not just the count.

Every week, per producer

Mapped once, the policy export and the activity log produce the watch per producer every week, reconciled to the expiring book. Covirage builds this from the exports as they are. The insurance brokers page describes the setup, and the placement share guide covers the growth half of the same export.

Questions people ask

What counts as remarketing activity?

A logged renewal review, a market approach, a carrier submission or a client conversation about the renewal, whichever the broker's process records. The list of types is fixed and applied to every producer, or the watch reads as complete for whoever logs least.

Why ninety and sixty days?

Ninety days out is when a commercial renewal still has time to be remarketed properly. Sixty days of silence inside that window is the point where the renewal is drifting toward a rollover. Adjust per line; large property programmes need longer.

Does this need the placement share measure too?

No, but they come from the same export, and the renewal conversation is the natural place to raise the lines placed elsewhere. The two lists are usually read together.