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

The top 15 writers of cyber held approximately 83% of the market in 2016.
Having a data breach was bad enough for one health services company, but failing to notify affected persons made things worse.
Each message you get from clients, prospects and business colleagues comes with its own security risks.
Markel’s director of U.S. Professional Liability explains the claim’s team’s vital role.
About two thirds of Allianz’s insurance products in Asia are sold through agents.
Why do insurers seem apprehensive about embracing the true value of InsurTech?
The debate over the use of medical marijuana as an alternative to opioid painkillers continues despite these recent political developments.
As part of its commitment to resiliency, Swiss Re has opened its own solar power plant and plans more in other locations.
What insurance agents, brokers and property owners need to know about U.S. parametric hurricane insurance.
Can the insurance industry support one more entrant into the \'insure-a-thing\' category?

NASBP and SFAA Logo