Risk analysts are responsible for many aspects of spotting, managing, and reducing risks for their company. There are different types of risk analysts, but many work to reduce operational risks. Putting proper insurance coverage in place is pivotal to this effort.
In fact, insurance underwriters are also risk analysts, and underwriters work on the insurance company side of the commercial insurance renewal process. While large companies have their own risk management departments, many small and medium businesses rely heavily upon their insurers to help them identify and manage potential hazards. Underwriters don't just price policies but also analyze companies and make suggestions that can reduce financial and safety hazards for their customers.
For a company of any size, a proper renewal process requires passing a lot of information back and forth from the company to the insurer. With larger companies, information also needs to get collected from several different departments that may maintain their own information systems with multiple databases and/or spreadsheets. All of this leads into the proper tools for risk analysts to use to make the entire commercial insurance renewal process more streamlined, efficient, and even beneficial.