Effectively manage policy renewals with an easy-to-use agency management system.
A crucial piece of policy management is monitoring and ultimately converting upcoming health policy renewals in your insurance book of business. An industry-specific agency management system (AMS) can help you keep your policies current while creating a process to ensure renewals aren’t missed in the future.
Online Policy Renewal Workflows
You can manage online policy renewals by creating Automated Workflows in AgencyBloc’s policy administration software that trigger emails and agent task assignments for upcoming policy renewals. A typical workflow process agencies follow is:
- 90 Days Before Renewal: An email is issued to the client to alert them of the upcoming renewal, and a task is created for the agent of record to reach out
- 60 Days Before Renewal: An email is issued to the client to remind them of the upcoming renewal, and a task is created for the agent of record to connect
- 30 Days Before Renewal: An email is issued to the client urging them to update their policy, and a task is created for the agent of record to get a renewal submitted
- 14 Days Before Renewal: A final email is sent to the client regarding their upcoming policy renewal, and an urgent priority task is created for the agent of record
Using automation to maintain consistent communication increases client retention and improves agent-client relationships.
AgencyBloc’s Advanced Search feature lets you monitor the breakdown of policies and the number of upcoming policy renewals. You can even pull a list of upcoming health policy renewals and pin it to your Dashboard. Updated every morning, this list gives you a broad overview of which renewals are coming due soon and the time commitment needed to ensure you can convert each one.