Calculator
Retention revenue calculator for a P and C book
See what your current retention rate costs in annual commission and what a realistic improvement target is worth to the agency.
Free tools
Free calculators for the renewal desk
Two quick tools that turn your policy count, retention rate, and staffing into numbers you can take into a planning conversation.
Agency owners tend to feel retention rather than measure it. You know the summer felt bad on homeowners, you know two commercial accounts went to a direct writer, and you know the commission statement was lighter than last year. The first calculator puts a dollar figure on that feeling by turning policy count, average premium, commission percent, and retention into the annual commission that walks out the door and the amount a few points of improvement is worth.
The second calculator is about capacity rather than money. If roughly a quarter of your book expires every ninety days, and a commercial renewal takes real hours while a personal lines renewal takes minutes, you can work out the weekly hours the renewal desk actually needs. Agencies are usually surprised by the gap between that number and the hours they have set aside. Both tools run in the browser and nothing you type is stored.
Calculator
Ninety day renewal workload planner
Turn your policy count and line mix into the weekly hours your renewal desk actually needs, then compare that to the hours you have.
Working document
The 90 day renewal control checklist
Every step a small property and casualty agency should complete between the ninety day mark and the binder, laid out by date.
Why the renewal calculators are open with no sign up
Right now most of this arithmetic happens on the back of a commission statement. Somebody counts the policies in force, guesses at a blended premium, applies a renewal commission percent that is really an average of nine carrier schedules, and calls the result what attrition cost the agency last year. The workload sum is usually rougher still. You divide the book by four because the terms are annual, then argue in the break room about whether a workers comp renewal with five years of loss runs and a payroll split by class code truly takes ten times as long as a homeowners rate increase call. Both numbers then get quoted in a planning meeting as though someone had measured them.
So both calculators stay open. No sign up, no email gate, and nothing you type leaves the browser, because an independent agent should not have to trade an address to find out what five points of policy retention are worth. Even if you never speak to us, the two figures stand on their own: a dollar figure you can take into a contingency conversation with a carrier rep, and a weekly hours figure you can put in front of a CSR before you promise a full remarket on every commercial account this quarter. Print them, mark them up, and use them to argue with your own book.
Now put those numbers next to real expiration dates
A retention figure and a weekly hours figure both go stale the moment a carrier files a rate increase or a commercial account lands on your desk midterm. BinderRenew keeps the same arithmetic attached to a live list of policies, stages and owners, so it moves when the book moves. Ask for a demo and we will load a quarter of your expirations into it.