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 Data Standards

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

Surety Innovation Center

The First Surety Innovation Center was held at the 2017 NASBP Annual Meeting in Boca Raton, Florida. Learn more by clicking here.

Latest Automation News

Insurance against terror attacks must adapt to face up to the threats posed by so-called lone-wolf militants and the rise of cyber crime.
Technology news from Wellthie, CIA, Insuritas, Guardian Insurance and more.
Research indicates insurers stink at service. What\'s more, technology is evolving and insurance customer demands are changing faster than ever before.
The Internet of Things just wooed two new players into the InsurTech ecosystem.
Just as auto engines are using different fuels to propel the vehicle, so too should insurance companies looking to drive innovation.
The industry industry\'s traditional power structure and hierarchy are in trouble due to the democratization of data, the rise of automation, and the use of intelligent machines.
Congress took the first step toward setting rules for self-driving cars.
By the end of June 2017, Munich Re\'s NatCatSERVICE database had recorded 350 loss-relevant natural catastrophes.
July and August are the deadliest months on the road, with each averaging 116 traffic deaths a day. Encourage all your auto insurance clients to make safety their number one priority.
A look at possible ways to address auto insurance, workers\' comp and benefits concerns surrounding gig economy businesses and employees.