Automated Policy Renewal Tracker for Insurance Brokers
Why This is an Opportunity
This workflow is cumbersome because brokers manually track renewals through calendar apps with separate notification setups. A single tool to input policy details and automate renewal reminders streamlines operations and reduces missed renewals.
Key Pain Points
- •Reliance on manual calendar entries and reminders
- •Existing tools do not integrate renewal tracking with communication
- •No automated alert system for renewal deadlines
- •Uses two or more systems to manage one renewal process
- •Manually tracking renewals takes hours a week unnecessarily
Market Opportunity
Insurance Brokerage Automation Tools Market
Current Size (2026)
$1.5B
Projected (2036)
$3.9B
CAGR
0.1%
This market is projected to grow 159% over the next 10 years, reaching $3.9B by 2036.
Original Discovery
Insurance brokers managing client renewals deal with varying policy expiration dates and inconsistent carrier notifications. Current tracking via calendars and reminders is unreliable. A specialized tool to manage renewal dates and automate communication could prevent lapses.
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