Free template · Australia
Free insurance renewal report template for Australian brokers
Everything an Australian renewal report needs, in the right order: market approach, schedule of covers, premium breakdown, remuneration in dollars and the notices the Code and the Insurance Contracts Act expect. The report draws its own charts from your figures, with each change on last year in colour. Add your logo and download a PDF.
- No login needed
- Your logo, free
- Charts from your figures
- Written for AU rules
- Written for the Insurance Brokers Code of Practice 2022
- No login. Nothing stored until you download.
- Charts Word can't draw
- Every section cites its rule
What you'll download
A finished renewal report, not a blank form.
Pages from the sample report. Tap a page to look closer.
Charts from your own figures
Word can't draw this. Your renewal report can.
Enter the figures once in the wizard and the report draws its own charts from them. It opens with an at-a-glance page so the client sees the answer before the detail. Every change on last year shows in colour, up or down. No spreadsheet to build and no images to paste in.
In the renewal report:
- At a glance tiles with the change on last year
- Premium by class, last year and this year
- Where your premium goes
- How the market responded
- Key dates timeline
- Your own logo on the cover and every page, free
At a glance
Total payable
$48,210
Change on last year
▲ 6.2%
Quotes received
3 of 5
Premium by class, last year and this year
- Last year
- This year
Where your premium goes
- Property
- Liability
- Motor
- Cyber
What's inside
18 sections, each one there for a reason.
Every section of the renewal report, why it matters to your client and the rule or practice behind it. Edit or remove any you don't need.
- 1
Renewal timing
Shows the report went out at least 14 days before expiry so the client has time to decide.
Insurance Brokers Code of Practice 2022 cl 7.2
- 2
Type of advice
States whether this is personal advice with a Statement of Advice, general advice with a warning or advice to a wholesale client.
Corporations Act s761G, s949A, RG 175
- 3
Executive summary
The renewal on one page: what's changed, the total premium and what you recommend.
Best practice
- 4
At a glance
Total payable, the change on last year with a coloured up or down arrow, insurers approached and quotes received, in tiles the client takes in at once.
Best practice
- 5
Key dates
A timeline from the date of the report to your reply date, expiry and the new period, so nobody misses the deadline.
Code cl 7.2
- 6
Changes in your business
Asks the client to tell you about changes and spells out what happens if they don't.
Insurance Contracts Act s21 and s20B
- 7
Market approach
Which insurers were approached, which quoted and which declined, with a chart of the response, so the client sees the work behind the result.
RG 175, Code cl 7
- 8
Schedule of covers
Each class with insurer, sum insured, excess, expiring and renewal premium and the change in per cent, coloured up or down.
Best practice
- 9
Premium charts
Last year against this year by class and where the premium goes, drawn from the schedule so the client sees what moved.
Best practice
- 10
Key changes in terms
New exclusions, endorsements, sub-limits or excesses called out before the client renews.
Code cl 7.2
- 11
Premium summary
Base premium, emergency or fire services levy where it applies, GST, stamp duty and broker fee, totalled.
GST Act, state duties Acts
- 12
Remuneration in dollars
Your commission and fees in dollars for individuals and small businesses, not just a percentage.
Code cl 6.1
- 13
Uninsured and underinsured risks
Covers not taken, sums insured that look low and how average or co-insurance would reduce a claim.
Code cl 7, Insurance Contracts Act s44
- 14
Claims made notice
For liability and professional indemnity written on a claims made basis, explains notifying facts before the policy ends.
Insurance Contracts Act s40(3)
- 15
PDS, TMD and cooling-off
For retail products, points to the PDS and Target Market Determination and explains the cooling-off period.
Corporations Act s1012A, s994B, s1019B
- 16
Important notices
Utmost good faith, subrogation waivers, non-disclosure and other notices the client must read.
Insurance Contracts Act s13
- 17
FSG, privacy and complaints
Where to find your Financial Services Guide, how you handle personal information and how to complain to you or AFCA.
Corporations Act s941A, RG 271, Privacy Act 1988
- 18
Action items and instructions to renew
What the client must do, by when, with a signed instruction to renew on the recommended terms.
Code cl 7.2
How it works
- 1
About 5 minutes
Answer three short steps
Enter the client and policy details, the covers with expiring and renewal premiums, then your recommendation. Add your own logo if you like. No login and nothing to install.
- 2
Real document editor
Polish it in the editor
Your renewal report opens in Coverbound's document editor. Change any wording, add your own notes and remove sections you don't need.
- 3
Free
Download the PDF
A professional PDF with the charts drawn from your figures and your logo on every page. Email it to yourself and ask for a reminder before the next renewal. Written for Australian rules, with a small Prepared with Coverbound footer.
Free tool or a free trial
The report is free. A trial saves you next year.
Free, no login
Everything you need for this report.
- Fill it in with the 3 step wizard
- Edit in the full document editor
- Charts and an at-a-glance page from your figures
- Your logo on the cover and every page
- Download a professional PDFWith a small Prepared with Coverbound footer
- Email the PDF to yourself
- A reminder before the next renewal
- Your colours, fonts and AFSL details
- Save it and reuse it next year
- Export to Word
- Send it for e-signature
- AI fill from last year's policy schedule PDF
With a 14-day free trial
Make it yours and do less next year. No card needed.
- Fill it in with the 3 step wizard
- Edit in the full document editor
- Charts and an at-a-glance page from your figures
- Your logo on the cover and every page
- Download a professional PDFNo footer
- Email the PDF to yourself
- A reminder before the next renewal
- Your colours, fonts and AFSL details
- Save it and reuse it next yearNext year's renewal report fills itself from this one
- Export to Word
- Send it for e-signature
- AI fill from last year's policy schedule PDF
Before you ask
Questions about the renewal report.
- Is this compliant with the NIBA Code?
- It is built around the Insurance Brokers Code of Practice 2022: renewal timing, remuneration disclosure in dollars for individuals and small businesses, uninsured risks and complaints handling all have their own sections. Compliance depends on what you write in it and when you send it, so check it against your own procedures.
- How far before expiry should a renewal report go out?
- The Code expects brokers to give renewal information to retail and small business clients at least 14 days before the policy expires. Many brokerages aim for 30 days on commercial accounts to leave time for questions and remarketing.
- Which duty of disclosure applies at renewal?
- For consumer insurance contracts the client has a duty to take reasonable care not to make a misrepresentation (s20B of the Insurance Contracts Act). For other contracts the duty of disclosure in s21 applies. The template has wording for each, so keep the one that fits the client.
- Do I need to show remuneration in dollars?
- For individuals and small businesses the Code asks for your commission and fees to be disclosed in dollars where you can. The template has a remuneration table with dollar amounts and a line for any broker fee.
- Does it cover ESL, GST and stamp duty?
- Yes. The premium summary has lines for base premium, emergency or fire services levy where it applies, GST, stamp duty and your broker fee. Rates differ by state and class, so enter the figures from the insurer's renewal terms.
- Does it draw the charts for me?
- Yes. The report draws its own charts from the figures you enter in the wizard, so there's nothing to build in a spreadsheet and nothing to paste in. They print in the PDF next to the tables they come from. Word can't do that on its own.
- Can I add my own logo?
- Yes, for free. Upload a PNG, JPG or WebP and it goes on the cover and every page of the PDF. Your colours, fonts and licence details come with the 14-day free trial.
- Is it really free?
- Yes. Fill it in, add your own logo, edit it and download the PDF without an account. The charts are drawn for you and you can email the PDF to yourself. The free PDF carries a small Prepared with Coverbound footer. A 14-day free trial removes the footer, adds your colours, fonts and AFSL details and lets you save the document for next year. No card needed.
- Who is responsible for the advice in the document?
- These templates are a starting point, not legal or compliance advice. You remain responsible for the advice and documents you give under your AFSL or as an authorised representative. Check each document against your licensee's requirements before you send it.
More free templates
Other templates for Australian brokers
These templates are a starting point, not legal or compliance advice. You remain responsible for the advice and documents you give under your AFSL or as an authorised representative. Check each document against your licensee's requirements before you send it.
Your next report, done before lunch.
Answer three short steps, add your logo and download the PDF with its charts drawn for you. No login needed.
Start your report, free