Policy renewal systems for insurance agents

Raze Drops builds policy renewal systems for insurance agents, so every policy is chased well before expiry with the renewal figure and documents attached, and a lapse stops depending on somebody remembering a date. Replies and payments land in one trail per client.

On this page
  1. What does an agent lose to a missed renewal date?
  2. What does the policy renewal system actually do?
  3. What does a renewal build cost and how fast is it live?

An agent with a few hundred policies is running a calendar, not a pipeline, and that calendar usually lives in a spreadsheet only one person understands. This page describes the renewal system we build to run it, what happens to a client who does not reply, and what the build costs.

What does an agent lose to a missed renewal date?

A lapsed policy is a client lost twice: the commission this year, and the relationship that would have produced referrals for a decade.

Most lapses are not decisions. They are a reminder that went out too late, or a document that was requested once and never chased, in a week when the agent was busy writing new business.

What does the policy renewal system actually do?

It watches every expiry date and opens the renewal conversation early, sending the figure, the documents and the payment instruction in your name and on your channels.

Clients who do not respond are chased on a widening schedule instead of once, and anything needing your judgement is escalated to you with the whole client history in view. The reminder engine is ordinary marketing automation, and the part that reads the reply and files it is a custom AI agent.

What does a renewal build cost and how fast is it live?

A renewal build is priced per project, from $300 to $9,000 depending on the product lines and the places it has to read dates from, with a monthly maintenance retainer to keep it accurate.

You see the proposal and the price before any deal is signed, and an agency of one or two people is usually running inside a few weeks. Agents often read enrolment for tuition centres and member retention for gyms next.

Step in the renewal cycleOn a spreadsheet todayOn the renewal system
Expiry date approachingSpotted if somebody opens the fileDetected automatically, weeks ahead
First renewal noticeSent when the agent has a free eveningSent on a fixed lead time, every policy
Client does not replyOne more try, then it lapsesA widening schedule of reminders
Documents and paymentChased by phone, recorded by handRequested, received and filed on the record
Client asks a real questionLost in a message threadEscalated to the agent with the history

Tell us how many policies you renew a year and we will send a proposal with a fixed price. Start on the contact page.

By Raze, Founder. Updated .

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