Insurance Renewal / Risk Assessment

Account and Policy Overview

A one-look roll-up of the account - named insured, producer, lines, states, locations, expiring policy number/period, years with the carrier, expiring premium, and renewal status - so a reviewer can orient before reading detail.

Exposure Schedule

The exposure base premium is rated on - payroll, sales, square footage, unit/vehicle counts, and total insured value by location and class code - with the expiring-vs-renewal change flagged, since a stale exposure base under-prices the risk.

Expiring Policy Terms and Structure

The structure of the expiring program - limits by line, deductibles/retentions/SIR, coverage forms and valuation, key endorsements, sublimits, TRIA, and rating modifiers - so the renewal can be compared term-for-term.

Loss History Summary

Account-level loss experience by policy period - earned premium, claim count, paid, reserves, incurred, loss ratio, and average severity - consuming the loss runs (deep claim-by-claim normalization is a separate step) and flagging immature recent periods.

Loss Ratio and Rate Adequacy

The core pricing question of a renewal - current, multi-year, and projected loss ratio against the carrier's target, the indicated rate direction, and a plain-English read on whether the expiring premium is adequate for the exposure and loss experience.

Large and Notable Losses

The individual claims an underwriter must read for the renewal - those above the large-loss and shock thresholds, plus claims notable for litigation, catastrophe, large open reserves, or clustering - ordered by incurred.

Cause of Loss and Trend Analysis

The loss drivers behind the loss ratio - causes grouped by frequency and severity with a rising/flat/falling trend across periods - contextualized by how thin or immature the underlying sample is.

Classification and Hazard Assessment

A web-researched check of the governing ISO/NCCI/state-bureau class codes against the insured's actual operations and loss pattern, surfacing misclassification, undisclosed operations, or exposure drift - a leading source of rate leakage.

Risk Factors and Special Considerations

The catalog of hazards and mitigation posture that shape the decision - operational, property, liability, catastrophe, financial, and management factors - each with severity, evidence, controls in place, and whether it remains an open concern.

Loss Control and Risk Improvement

The account's loss-control posture and risk-improvement engagement - existing controls, open/completed/rejected recommendations, effectiveness against the associated loss causes, and material missing controls for the top loss drivers.

Renewal Subjectivities and Underwriter Requirements

The subjectivities and outstanding requirements that hold up a quote or condition an offer - updated apps and SOVs, signatures, inspections, financials, and completed recommendations - with category, trigger, status, and due date.

Renewal Recommendation

The overall renewal decision in one category - renew as expiring, renew with rate increase, renew with modified terms, re-underwrite before offer, refer to senior underwriter, or non-renew/decline - weighing loss ratio, trend, risk factors, and open subjectivities.

Underwriting Renewal Summary

The underwriter-facing synthesis that sits at the top of the file - the account, loss experience and pricing, risk profile, conditions to attach, and the recommendation with its rationale and follow-up items - drawn and cited from the columns above.