---
name: mohitagw15856/policy-renewal-review
source: https://app.decimal.ai/s/mohitagw15856-policy-renewal-review@1/SKILL.md
source_sha256: cecb5ca81fe9
---

# Policy Renewal Review Skill

Renewals fail quietly: the business changed, the policy didn't, and the gap surfaces at claim time. This skill runs the pre-renewal discipline — does the cover still match the operations, are the limits still real money, what will the claims record do to price, and what should the broker push for.

## What This Skill Produces

- A coverage-gap scan: current operations vs current wording
- A limit-adequacy assessment against inflation and exposure growth
- A claims-experience read with its likely pricing impact
- Market-alternatives framing (remarket, restructure, retain more, hold)
- A prioritised list of broker negotiation points

## Required Inputs

Ask for missing items; where the user has only partial data, proceed with labelled assumptions `[assumed — verify at renewal]`:

- **Current policy summary** — lines, limits, deductibles, key exclusions, premium
- **What changed in the business** — revenue, headcount, locations, products, M&A, new contracts, digital/cyber footprint
- **Claims experience** — losses this period and prior years, open reserves
- **Renewal timeline and incumbent signals** (rate guidance, appetite noises), if known

## Review Framework

**1. Coverage-gap scan.** Walk the change list against the wording: new locations declared? new products within the liability trigger? revenue/BI values updated? contractual insurance requirements from new customers met? acquisitions endorsed on? For each change: covered as-is / needs endorsement / needs new line. A change nobody declared is the classic gap — ask explicitly "what's new that the insurer doesn't know about?"

**2. Limit adequacy.** Test limits against today's numbers, not purchase-date numbers: property sums insured vs current rebuild costs (flag if not indexed for 2+ years — construction inflation compounds); business-interruption sum vs current gross profit and a realistic indemnity period (12 months is rarely enough for full rebuild + market recovery — test 18–24); liability limits vs largest contract requirement and plausible worst case. Flag underinsurance-average/coinsurance exposure where declared values lag.

**3. Claims-experience read.** Compute the period and multi-year loss ratio if figures allow. Framing bands: a sustained loss ratio well below ~40% is negotiating leverage; ~40–60% is neutral; above ~60–70% expect rate pressure, deductible push, or restrictions — prepare the "what we fixed" story for every significant loss (root cause + remediation), because a loss with a fix narrative prices better than an unexplained one.

**4. Market alternatives.** Frame honestly: remarket (leverage, but costs incumbent goodwill and only credible if you'd move), restructure (higher deductibles/captive-like retention to trade premium for volatility), reduce cover consciously, or hold. Note market-cycle context if known `[to confirm with broker]`.

**5. Negotiation points.** Rank by value at stake: the gaps to close, the limits to raise, the restrictive clauses to remove, the rate ask — each with the supporting fact.

## Output Format

### Renewal review: [insured / programme / renewal date]

**1. Business changes since last renewal** — bullet list, each tagged covered / endorsement needed / new cover needed.
**2. Limit adequacy** — table: cover | current limit | adequacy test | verdict (adequate / raise / review).
**3. Claims experience & pricing outlook** — loss ratio, large-loss fix narratives, expected market response.
**4. Options** — hold / negotiate / restructure / remarket, with trade-offs.
**5. Broker negotiation points** — ranked, each with its supporting fact and target outcome.
**6. Timeline** — actions and dates working back from renewal.

End with: *"This review is analytical support, not a coverage or placement determination. Final decisions follow your organisation's policy and the advice of your licensed broker/adviser and applicable regulation."*

## Quality Checks

- [ ] Every declared business change has a covered/endorse/new-cover tag
- [ ] Limit tests use current values (rebuild cost, current gross profit), not stale declared values
- [ ] BI indemnity period is explicitly tested, not assumed at 12 months
- [ ] Every significant loss has a fix narrative attached for the negotiation
- [ ] Negotiation points are ranked by value at stake, each with a supporting fact
- [ ] Assumptions are labelled `[assumed — verify at renewal]`

## Anti-Patterns

- [ ] Do not roll limits forward unexamined — indexation drift is the most common renewal failure
- [ ] Do not treat remarketing as a free negotiating card — recommend it only if the insured would credibly move
- [ ] Do not present the claims record without remediation narratives — unexplained losses price worst
- [ ] Do not recommend deductible increases without stating the retained-volatility trade-off in money terms
- [ ] Do not invent market rate movements — label market context `[to confirm with broker]`