What to Know for 2025 Renewals: Insights from Your Wholesale Partner

As 2025 approaches, agents face the critical year-end renewal cycle, a time to ensure continuous coverage, manage costs, and address evolving client needs. At Flow Specialty, we understand the unique challenges agents encounter during this busy season. Here’s how we can help you prepare for successful renewals.

Start Early: Leverage Our Expertise

The daunting year-end/new-year workload often compresses timelines, leaving little room for error. By engaging with your wholesale partner early, you can access market insights, support for underwriting submissions, and tailored guidance to streamline the process. Proactive collaboration reduces the risk of rushed decisions and missed details.

Rely on Market Expertise

2025 reflects key market trends across several lines of insurance:

• Tech & Cyber: Capacity remains available and competitive, but our expertise in placing cyber risks ensures the marketplace is thoroughly vetted for the very best coverage and pricing based upon your clients needs.
• Management Liability: While D&O rates remain soft, intense underwriting persists for accounts with antitrust or M&A risks. We provide insights to strengthen your presentations and discussions with clients.
• Misc E&O: More companies are expanding their services and portfolios, which, in turn, increases their professional malpractice risk. Flow will evaluate your clients services and expiring coverage to make sure coverage deficiencies do not exist. This will be combined with a comprehensive marketing effort to determine where improvements can be made to the insurance program.  

Partnering with a wholesaler that knows the market allows you to deliver tailored, competitive options to your clients.

Ensure Comprehensive Coverage Reviews

Clients’ needs evolve and renewal season is the perfect time to reassess exposures. We assist agents in identifying opportunities to:

• Secure adequate limits for professional, cyber, or management liability coverage.
• Address emerging risks like supply chain vulnerabilities, cyber threats, technology advancements and regulatory considerations.

Identify and Address Coverage Gaps

As exclusions and endorsements shift, we’re here to help you spot potential gaps in coverage. Examples include:

• Cyber: Monitoring exclusions tied to systemic risks, state sponsored attacks, and  regulatory fines as well as evolving third-party exposures that include biometric data, personal identifiable information (PII) or protected health information (PHI).
• E&O/D&O: Avoiding exclusions  that limit coverage for emerging areas like artificial intelligence, identify operational changes, financial challenges, as well as the Environmental, Social and Governance (ESG) that may impact company operations.

Our guidance ensures you’re not caught off guard by unexpected policy limitations.

Streamline the Process with Technology

We leverage advanced tools like Flow's Wholesale 3.0 to reduce your workload and enhance your client experience. From organizing client information to providing actionable insights, our technology empowers agents to deliver seamless renewals as well as coverage insights specifically tailored to you and your insureds.

Keep Communication Open and Transparent

We collaborate with our clients to ensure clear, consistent communication with carriers and renewal exposures. Sharing market updates, policy changes, and cost drivers early on in the renewal process builds trust and aligns expectations.

Strengthen Negotiations with Our Support

Carriers are becoming increasingly selective, but our expertise, strong carrier relationships, and comprehensive team allow us to effectively advocate for our clients. By presenting detailed renewal submissions that highlight comprehensive risk management strategies, we secure competitive and favorable terms.

Stay on Track with Deadlines

Timely submissions and responses are crucial to avoiding coverage gaps or missed opportunities. Let us help you navigate timelines and keep renewals on track. You give us the need by date and we’ll give you the proposal inclusive of our marketing efforts and recommendations

Partnering for a Successful 2025

As your wholesale partner, we’re here to provide the insights, tools, and support your need to deliver exceptional value to your clients. Preparation is the key to success for the 2025 renewal season, whether managing a complex layered, quota share program, or even a run-of-the-mill consultant.

Together, we can make the 2025 renewal process seamless and effective, keeping you ahead of the game and your clients well-protected.

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