Automatic policy term adjustment based on advance renewal notice

A computing system, comprising:

• one or more processors, and
• memory storing computer-executable instructions associated with a renewal adjustor that, when executed by the one or more processors, cause the renewal adjustor to:
• access a data repository associated with a policy management software application, wherein:
• the data repository stores policy data associated with policies, and
• premium information, in the policy data, is stored in a locked data format that blocks modification of the premium information associated with the policies after starting dates of the policies;
• identify, based on the policy data, a policy that is scheduled for renewal;
• determine that an advance notice period applies to the policy;
• determine, based on the advance notice period and an end date of a current term of the policy indicated by the policy data, a target date;
• determine, based on the policy data, that an advance renewal notice associated with the policy was sent late, after the target date, by a particular number of days, wherein:
• the advance renewal notice having been sent late by the particular number of days would cause an adjusted premium associated with a renewal term of the policy, following the current term of the policy, to go into effect after a starting date of the renewal term, and
• the policy management software application is configured, based on the locked data format, to block a change, after the starting date of the renewal term, to the premium information that would cause the adjusted premium to become effective after the starting date of the renewal term;
• and
• modify, in response to determining that the advance renewal notice was sent late by the particular number of days, the policy data to:
• extend the current term of the policy, associated with a current premium, by the particular number of days;
• and
• shorten the renewal term of the policy, associated with the adjusted premium, by the particular number of days,
• wherein modifying the policy data causes the policy management software application to delay the renewal of the policy, and delay the starting date of the renewal term, by the particular number of days.

One or more non-transitory computer-readable media storing computer-executable instructions associated with a renewal adjustor that, when executed by one or more processors of a computing system, cause the renewal adjustor to:

• access a data repository associated with a policy management software application, wherein:
• the data repository stores policy data associated with policies, and
• premium information, in the policy data, is stored in a locked data format that blocks modification of the premium information associated with the policies after starting dates of the policies;
• identify, based on the policy data, a policy that is scheduled for renewal;
• determine that an advance notice period applies to the policy;
• determine, based on the advance notice period and an end date of a current term of the policy indicated by the policy data, a target date;
• determine, based on the policy data, that an advance renewal notice associated with the policy was sent late, after the target date, by a particular number of days, wherein:
• the advance renewal notice having been sent late by the particular number of days would cause an adjusted premium associated with a renewal term of the policy, following the current term of the policy, to go into effect after a starting date of the renewal term, and
• the policy management software application is configured, based on the locked data format, to block a change, after the starting date of the renewal term, to the premium information that would cause the adjusted premium to become effective after the starting date of the renewal term;
• and
• modify, in response to determining that the advance renewal notice was sent late by the particular number of days, the policy data to:
• extend the current term of the policy, associated with a current premium, by the particular number of days;
• and
• shorten the renewal term of the policy, associated with the adjusted premium, by the particular number of days,
• wherein modifying the policy data causes the policy management software application to delay the renewal of the policy, and delay the starting date of the renewal term, by the particular number of days.