Getting Ahead of Q4 Renewals with Data-Driven Insights

Are you maximising the potential of the busier months of the year?

In UK commercial insurance, quarter four is consistently one of the busiest and most demanding periods of the year. 

Data within Broker Insights VISION^TM consistently shows market movement and renewals for Q4 amongst the highest across the year, placing increased demands on resources, which can feel overwhelming. 

What can be done to turn this period of peak pressure into a competitive advantage? 

Early planning and engagement over renewals remains amongst the strongest tools in the box, but with Q4 already upon us, how else can insurers and MGAs navigate through this busy period? 

Your broker agency data within VISION holds the key to identifying the renewals to target in the coming weeks and months. With the launch of the V4 version of the VISION platform earlier this year, access insights within the platform is more straightforward than ever, specifically: 

MARKET OPPORTUNITY 

VISION is the largest independent aggregated dataset in the UK, ingesting over 40% of the market’s commercial insurance GWP data, from 35+ software houses and back-office systems, all of which is cleansed, harmonised and played back to you for the agencies you hold.  

Using the filters within the Market Opportunity dashboard allows you to quickly identify opportunities, and drill down into them via the Opportunity Search feature and Opportunity Detail views. You can then add in-appetite renewals to your workflow to directly pursue, or to discuss at upcoming broker meetings.   

ENHANCED SEARCH FUNCTIONALITY 

New filters support searches by SIC code, providing deeper trade insights and the ability to pinpoint key opportunities. 

INCREASED BROKER ENGAGEMENT  

VISION  now offers multiple engagement methods, enabling you to choose the most suitable channels to align with your broker engagement strategy.  Easily track engaged vs. non-engaged opportunities and engagement methods, providing insights into activity at both the broker and user level. 

LINKED ‘POLICY-PER-CLIENT’ VIEW  

Revised client views display linked policies, simplifying the identification of cross-sell opportunities. 

By leveraging data-driven intelligence, insurers can gain the clarity, control, and confidence they need to thrive, and maximise opportunities ahead of year-end. 

Get ahead of your Q4 renewals today. There is still time and there is also significant opportunity for those that fully utilise VISION.