Renewal review

How to prepare for an insurance renewal review

Renewal preparation should focus on operational change, claims history, sums insured, contracts, and upcoming decisions.

5 min read2026-04-28

Renewal is often treated as a premium notice. It should also be treated as a risk review. The business may have changed, insurer appetite may have moved, and policy wording may have been updated.

Useful preparation starts with a simple comparison: what does the current policy assume, and what does the current business actually look like? Differences between the two are where the adviser should focus.

Claims history, near misses, revenue movement, new contracts, changed premises, new equipment, stock levels, staffing, and online activity can all affect the conversation.

Good preparation does not guarantee a lower premium. It improves the chance that advice is based on the real risk rather than last year's assumptions.

Questions to consider

Before speaking with an adviser

What changed in the business since the last renewal?
Have there been claims, incidents, or near misses?
Are sums insured, limits, stock, equipment, and revenue still current?
Are there new contracts, landlords, lenders, or compliance requirements?

Useful next steps

Preparation

Gather current schedules, invoices, asset lists, and revenue figures.
Summarise major changes in one page before meeting the adviser.
Ask whether insurer appetite or wording has changed this year.

Prepare your risk context before the adviser conversation.

iCura helps organise the facts, questions, and renewal signals that make insurance advice more practical.

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