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Policy Renewal

Insurance policy renewal processing and repricing

Complexity: Moderate | Duration: 15-30m | Category: Industry/Financial Services

Tags: renewal insurance policy pricing

Workflow Diagram​

Steps​

Step 1: Identify renewals​

Agent: underwriter

Query expiring policies

Step 2: Review experience​

Agent: underwriter

Analyze claims history

Step 3: Reassess risk​

Agent: actuarial

analyst - Update risk evaluation

Step 4: Calculate premium​

Agent: actuarial

analyst - Price renewal

Step 5: Generate offer​

Agent: underwriter

Create renewal terms

Step 6: Send to customer​

Agent: notification

specialist - Deliver renewal notice

Step 7: Process response​

Agent: underwriter

Handle acceptance/rejection

Usage​

To execute this workflow:

/workflow industry/financial-services/policy-renewal.workflow

See other workflows in this category for related automation patterns.