Marketing Clout
While we work with more than 100 insurers, we partner with more than 40 select carriers that meet our core insurance partners who share our goals and philosophy.
Renaissance Alliance provides Commercial lines marketing and account placement services to all its members.
Over our 10 year history we have been able to maintain an overall loss ratio between 40% – 48%. The law of large numbers pays off. That translates into great respect from our carrier partners. They know they are dealing with a high quality operation that is committed to giving them the opportunity to write the kind of business they want to write. These profitable results and strong relationships have led to many of our carriers granting us underwriting and pricing authority. For our members it translates into predictable profit sharing income. It's a win – win situation for all involved.
For many independent agencies, managing carrier relationships has become overwhelming. With the carriers' increased reliance on predictive modeling and multi-variant rating, the difficulty of finding the right market increases exponentially. The typical independent agency can only keep up with a few changing markets from week to week. The RAIS marketing approach takes away the guess work. Each RAIS commercial lines Carrier Specialist works with only one or two markets. Since they handle all volume for these one or two carriers, they are in continually, allowing for strong working relationships and a keen understanding of the market and changing underwriting appetites. We also practice a "make no assumptions" approach to marketing our agents' business. Every carrier reviews every piece of business. This is approach means that RAIS agents enjoy a commercial lines 52% quoted-to-bound hit ratio.
One-of-a-Kind Account Placing Services
- 20 Full time experienced account placement specialists
- "Fast Track" & Diamond Lane" submission placement
- Every risk submitted to every carrier (no assumptions made)
- In-house E&S (increase revenue/decrease expenses/earn underwriting profit)
Proprietary Specialty Programs
- Residential Coastal Property (Personal & Commercial)
- Printers & Graphic Arts Program
- Residential General Contractors
- Habitational Risk
Renaissance Specialty Services
The Renaissance Plan is more than an insurance policy: it is a total plan to manage workers' compensation risk, reduce injuries and gain control over this costly benefit. The Plan combines traditional workers' compensation coverage with a proven strategy to minimize occupational injuries, manage medical care, and return injured workers promptly to the workplace.
In 2009, Renaissance Specialty Services partnered with Century Surety to offer our agents a specialty lines company focused on smaller commercial accounts that fall outside of standard commercial carriers' underwriting guidelines. Since this time, we have continued to build this business and to look for other opportunities to offer excess and surplus lines outlets to out agents.