Policy Renewal Review and Remarketing Worksheet

It is used before an insurance policy renewal to review the current policy, note coverage adequacy, compare expiring and renewal pricing, and record whether remarketing is needed. The template also captures who is responsible for follow-up and whether the client has been notified. It is meant to create a clear decision record, not to replace the policy itself.

Complete it during the pre-renewal review window, before the carrier deadline and before any renewal acceptance is sent. That timing gives you room to identify coverage gaps, request revised terms, or contact alternate markets if needed. If the renewal is straightforward, the worksheet still documents why the policy was retained.

It is typically owned by an account manager, broker, risk advisor, or operations lead who handles renewal coordination. The person completing it should have access to the current policy, renewal indication, and any client instructions. If multiple stakeholders review it, use the internal notes and assignment fields to keep the audit trail clear.

Yes, it includes a disclosure acknowledgment field so you can record that any necessary client communication or PII handling was acknowledged. That helps support data minimization and a cleaner internal record of what was shared and why. It is not a legal form, so any regulated disclosure language should be reviewed against your internal policy.

Common mistakes include leaving coverage adequacy too vague, failing to compare renewal terms against the expiring policy, and skipping the reason for remarketing. Another frequent issue is marking the client as notified without recording what was communicated. The worksheet works best when each field is completed with specific, decision-ready language.

Yes, the structure already supports a line of business field, so you can adapt the review criteria for property, general liability, professional liability, auto, or other lines. You can also add line-specific prompts for deductibles, exclusions, limits, or endorsements. Keep the form focused on the fields you actually use to make the renewal decision.

Email threads and ad hoc spreadsheets often lose the decision trail, especially when coverage changes and remarketing options are discussed across multiple messages. This worksheet keeps the key renewal facts, the recommendation, and the follow-up assignment in one place. That makes it easier to review later and reduces missed handoffs.

Yes, the worksheet can be paired with CRM records, policy management workflows, task assignments, or document storage. A common setup is to link the renewal review to the client record and attach carrier quotes or correspondence. If you integrate it, keep the field mapping simple so the renewal decision remains easy to audit.