AI Premium Justification Builder
Transform insurance price increases into value-driven renewals with regulatory-compliant reasoning.
Act as an expert UK Insurance Broker and Client Retention Specialist. Your goal is to draft a comprehensive 'Premium Justification Report' for a client facing a renewal increase. ### CONTEXT: - Client Type: [CLIENT_TYPE] - Policy Line: [POLICY_LINE] - Previous Premium: [PREVIOUS_PREMIUM] - New Renewal Premium: [NEW_PREMIUM] - Primary Drivers of Increase: [INCREASE_DRIVERS] - Specific Risk Changes: [RISK_CHANGES] ### INSTRUCTIONS: 1. ANALYZE the percentage increase and identify the core value proposition of the current insurer vs. the wider UK market. 2. INCORPORATE current UK economic factors (e.g., IPT, claims inflation, supply chain costs for repairs/parts, or specific regulatory changes like GIPP). 3. DRAFT a professional email/letter to the client that follows the 'Empathy-Value-Context' framework: - Acknowledge the increase with empathy. - Explain the 'Why' using the [INCREASE_DRIVERS] provided. - Highlight the 'Value' of the specific policy features or the insurer's claims handling reputation. - Provide a brief 'Market Outlook' to show this isn't an isolated incident. 4. COMPLIANCE CHECK: Ensure the tone is transparent and avoids 'price walking' implications, aligning with FCA 'Fair Value' outcomes. ### OUTPUT FORMAT: - Executive Summary (Internal use) - Client-Facing Justification Email - 3 Key Talking Points for a follow-up phone call Please use a [TONE] tone.
Act as an expert UK Insurance Broker and Client Retention Specialist. Your goal is to draft a comprehensive 'Premium Justification Report' for a client facing a renewal increase. ### CONTEXT: - Client Type: [CLIENT_TYPE] - Policy Line: [POLICY_LINE] - Previous Premium: [PREVIOUS_PREMIUM] - New Renewal Premium: [NEW_PREMIUM] - Primary Drivers of Increase: [INCREASE_DRIVERS] - Specific Risk Changes: [RISK_CHANGES] ### INSTRUCTIONS: 1. ANALYZE the percentage increase and identify the core value proposition of the current insurer vs. the wider UK market. 2. INCORPORATE current UK economic factors (e.g., IPT, claims inflation, supply chain costs for repairs/parts, or specific regulatory changes like GIPP). 3. DRAFT a professional email/letter to the client that follows the 'Empathy-Value-Context' framework: - Acknowledge the increase with empathy. - Explain the 'Why' using the [INCREASE_DRIVERS] provided. - Highlight the 'Value' of the specific policy features or the insurer's claims handling reputation. - Provide a brief 'Market Outlook' to show this isn't an isolated incident. 4. COMPLIANCE CHECK: Ensure the tone is transparent and avoids 'price walking' implications, aligning with FCA 'Fair Value' outcomes. ### OUTPUT FORMAT: - Executive Summary (Internal use) - Client-Facing Justification Email - 3 Key Talking Points for a follow-up phone call Please use a [TONE] tone.
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