Why Automated Renewals Improve Retention for MGAs
Renewals aren’t just an admin task – they’re the lifeblood of recurring revenue. MGAs that miss renewal windows risk client churn and lost premium. Automation changes the game.
The Risk of Manual Renewals
- Spreadsheets miss deadlines.
- Emails get lost.
- Producers forget to follow up.
How Automated Renewals Work
- Renewal tasks generated automatically.
- Pre-filled quotes ready for review.
- SLA dashboards track completion.
Benefits for MGAs
- Reduce lapse rates.
- Improve broker satisfaction.
- Retain more premium revenue.
Real Example
One MGA reduced renewal lapses by 40% after switching to Expert Insured’s automation.
Frequently Asked Questions
Why are renewals important for MGAs?
They secure recurring revenue and reduce churn.
How does automation improve renewals?
By generating tasks, pre-filling quotes, and tracking completion.
Can renewals be tracked in real time?
Yes. Expert Insured dashboards track renewals across all programs.
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