I was contacted recently by an underwriting salesperson with a question about renewing one of his account's annual underwriting agreement. He told me that the year-long agreement was ending in a month and he hadn’t talked to the underwriter since the agreement was signed the previous year.
I told him he was about ten months late in starting the renewal process.
The way I see it, the renewal process for underwriting should begin when you first sign up a new underwriter.
I don’t mean that you should have a renewal agreement ready to give to your first-time underwriter. However, when a businessperson signs their first underwriting agreement, that’s when it’s time to ramp up your relationship with the account and start to plan for the future. Instead of thinking of the process as a renewal, look at it as a continuation of your business relationship.