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

Here are the six finalists from the 2016 Entrepreneurial Insurance Alliance\'s Entrepreneur of the Year competition.
There is a new sense of urgency about tech-driven change, with many insurers saying that the industry faces big changes in the next few years.
California\'s insurance commissioner wants insurance companies to divest investments in coal companies. Here are some key considerations before taking action.
Here are some tips of what to look for as former AIG CEO Maurice \'Hank\' Greenberg testifies in his civil fraud trial, which has been working its way through the courts for 11 years.
Lemonade CEO Daniel Schreiber on the startup\'s \'mobile, simple and remarkably fast\' peer-to-peer insurance model.
One company used its audit software tools and found hidden treasure — $1M of it — in its reinsurance contracts.
Aggressive contributions have raised $87,000 to date as influential legislative efforts continue.
State Farm says it will not accept liability on the future sale of annuities or mutual funds. Meanwhile, Allstate, USAA and Nationwide plan to remain in the commission investment business.
Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company.
European CEOs, like their U.S. counterparts, are taking responsibility for cybersecurity amid findings that 92 percent of businesses suffered a cyber breach in the past five years.

NASBP and SFAA Logo