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Market: Residential contents insurance
End Users: Insurers and Brokers
Format: Various
Model: CIRCA Home
Build more meaning into your renewals motion with Renewals Insights. It helps you identify policyholders who are underinsured and enables you to use renewals as an opportunity to guide them to a more appropriate level of coverage.
Traditional annual CPI increases are effective in countering inflation, but do nothing to reduce existing underinsurance or the growing underinsurance caused by possessions accumulation.
Renewals Insights is a flexible product that can work for you in different ways, depending on your tech stack and preferences.
For example, at renewal you might choose to reveal the average sum insured value for a similar property in the same area, prompting the policyholder to re-evaluate sum insured.
Alternatively , it can enable you to put forward a recommended sum insured range based on your choice of prerequisites.
As with all of our data models, how you choose to surface them is fully up to you.