Renewal Underwriting Review Agent

Underwriters often see a renewal file only weeks before expiry, too late to change terms with the broker. Ninety days before renewal, this agent prepares the review. It pulls the expiring policy, loss runs, exposure changes, inspection results and payment history. Before analyzing, it checks that loss runs are current and complete and requests missing ones from the broker or claims. It calculates the loss ratio and exposure change and compares them to guidelines and prior terms. It suggests a renewal action: renew as is, renew with changes or refer. Loss ratios over 70% get suggested changes, and exposure up over 25% triggers a full re-underwrite. It notes open claims with low reserves. The underwriter decides the renewal terms. Edge case: a large open claim has a low reserve, so the agent notes possible deterioration.