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

The way people drive has led to new insurance models, more coverage options and greater integration of technology.
A tractor trailer full of beer drove itself down Colorado\'s I-25 last week with nobody behind the wheel.
Baby monitors, thermostats, cameras and your refrigerator could be used in a cyber attack
Relations on Capitol Hill could be especially contentious if Hillary Clinton wins the White House and the GOP retains control of Congress.
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.
State Farm will reduce its rate request for rental dwelling policies in California by an average of 40 percent in 2017.
Reliance on cloud services is a concern for underwriters, but with more effective security, the cloud benefits insurers in ways that may outweigh the risk.
News from Livegenic, Insurity, ISCS, Guidewire and more.
Do a full ROI analysis before you decide on new technology, but the after-purchase steps are just as important.
The debates about human vs. machine decision-making for vehicles will only intensify as we enter an era where there will be more and more autonomous features built into every machine that moves on land, air, and sea.