Renewals
Never miss a renewal again.
coverbound watches every expiry date in your book and starts the work while there's still time to market it.
Renewal register
Your book, by expiry
0
Past expiry
7
Within 30 days
23
In the window
The whole book, by expiry
- Past expiry, within 30 days, 30 to 60, 60 to 90 and beyond
- Every cover keeps its own clock, so a client with four policies shows four dates
- Retention at the top, measured by premium and by client
- Start the renewal from the register in one click
Renewal started
90 days out · Automatic
The renewal engine
- Review tasks at the lead days you choose (90, 60 and 30 by default). One per placement, not one per cover.
- Next year's placement created for you, carrying over cover, insurers, terms and owner. Never last year's price.
- The renewal questionnaire prepared 75 days out, with last year's answers ready to confirm
Renewal comparison
Brightco · expiring against renewal
Last year beside this year
- Expiring and renewal side by side, class by class
- The change in dollars and per cent
- New this year, not renewed, no change or insurer changed
- Drops straight into the renewal report with the market review
Expired with nothing in its place
Oak & Iron · Contract works
Cover ended at 4pm. No renewal or replacement is bound.
Task for Sam · due now
Call Oak & Iron about their contract works cover
Nothing slips
- A chase when a market hasn't answered in the days you set
- A flag the day a policy expires with nothing in its place
- Certificates and schedules chased before they run out
Also in Renewals
The rest of the renewal.
Renewal report and invitation
Templates for Australia and the UK that fill from the placement, with the comparison and market review built in.
Retention you can trust
Counted along the chain from each renewal to the policy it replaces. Compared with industry bands.
Pre-renewal contact
A check that the client has heard from you: 28 days out in Australia, three weeks out in the UK.
Lost ones revisited
A placement lost to another broker comes back to you 90 days before it renews there.
Your lead days
Change the reminder days, the placement lead time and the market chase to suit your brokerage.
Certificates chased
Certificates and schedules that are about to expire raise a task to get the new one.
Before you ask
Questions about renewals.
- Will it flood my diary with tasks?
- No. One review per placement at each lead day, not one for every line of cover or contact.
- Does next year's placement copy last year's premium?
- No. Cover, insurers, terms and owner carry over. The price is left for the market.
- How does the register get filled?
- From the policies you import or bind. Any policy with an expiry date appears straight away.
- Can we change the 90, 60 and 30 days?
- Yes. Set your own lead days in renewal settings.
See it with your own insurer forms.
Book a demo and bring a proposal form. We'll turn it into a questionnaire while you watch.
Book a demo