The Vision of Surety Automation

The objective of surety automation is to employ technology to streamline processes, reduce redundancies and increase productivity in the surety bond process, which spans the application for the bond, the execution and submission of the bond and the processing of premium. The objectives of surety automation are realized fully when methodologies involving transmission, security, verification and data integration encourage the broadest participation by surety companies, surety bond producers, contractors, project owners, risk managers and other parties in the bond process. Any methodology should seek to maximize interoperability among disparate systems. Broad participation in surety automation is the vision. Interoperability through open standards and systems is the way to that vision.

Surety Forms Working Group & Joint Automation Committee Meeting – Dallas, TX

Resources for attendees and WebEx information

Surety Data Standards

For the latest updates on surety data standards, please visit the XBRL and ACORD Surety Forms pages.

Latest Automation News

News from PCIS, RiskMatch, Duck Creek Technologies, ISCS and more.
When insurers understand the effects of peril-related trends on loss costs, they can better manage risk and set rates.
Nevada employers may see lower workers\' comp premiums from two rate filings approved by the state insurance commissioner effective March 1, 2017.
While insurers may be cautiously optimistic about the likelihood of economic expansion and regulatory relief this year, a number of obstacles could undermine their top- and bottom line growth.
The 2016 CRO survey results show clear trends toward expanding enterprise risk management scope and maturity, rising CRO influence and increasing \'operationalization.\'
Does an insurer have a duty to advise its longtime clients to carry higher limits when they change coverage?
After cyber attacks, the threat of a data breach ranked second among global business fears, while an unplanned IT and telecom outage was third.
\'Big data\' gets its name in part because there is so much of it; it\'s in identifying discernible patterns that it actually delivers value. And in some cases, discovering hidden threats — or opportunity.
Digital technology will be a major change agent for insurers.
What\'s the likelihood of a serious data breach in 2017? Are hackers getting more creative?

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