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

See a useful, brief infographic on the value of surety data standards. To learn about the Surety Data Standards Toolkit and how to realize value from its implementation, visit the Toolkit page.  You can find out about the Standards Pledge here. View the recorded webinar introducing the Toolkit. For more 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

Commissioner Jones and legislators unveil the Wildfire Survivors Insurance Recovery Blueprint, a series of laws to help wildfire victims with their insurance claims following 2017\'s string of catastrophic disasters.
Here\'s how one independent insurance agency relies on experienced agents and legacy technology updates to give InsurTechs a run for their money.
Risk and insurance knowledge group The Institutes has announced a collaboration with Insurance Thought Leadership to expand and improve both organizations\' educational tools.
A regulatory pathway needs to be established to safeguard adherence to our core insurance principles and an individual’s right of privacy.
The InsurTech movement is enjoying enormous success in terms of new startups, venture capital, partnerships, and pilot projects. But it is fair at this stage to ask, where’s the beef?
Social media marketing has been accepted as one of the best practices for spreading an insurance marketing message and establishing a brand.
Investing in mobile-first strategy, chatbots, and the on-demand economy will pay off for property & casualty insurers in 2018.
To recognize those leading the way, AirlineRatings.com released its annual list of the world\'s safest airlines. Of the 409 airlines it monitors, 20 stand out as the \'best of the best.\'
Insurance technology news from MetLife, Crawford & Company, Sapiens, StoneRiver, Appulate, Indium, Convelo Insurance Group, SIUPREM, Natixis Assurances and Guidewire.

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