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 online data curator Relationship Science has launched a free News & Alerts service to enhance its industry- and business-specific intelligence.
Cyberattacks involving ransomware increased 50 percent in 2016, according to a report from Verizon Communications.
Technology and innovation could prevent or eliminate many insurance risks
No one said it would be easy to bring together legacy and nascent insurance companies, but the result could mean significant growth for both.
Hackers are not the only threat. Many data breaches involve the download of malicious codes and viruses. Here are two essential steps for getting serious about data security.
Ironically, the new federal office would be created by a provision included in the CHOICE Act — legislation intended to reduce, not increase, federal encroachment resulting from the Dodd-Frank Act.
Technology news from Mitchell International, WestCongress Insurance Services, Saga Services Ltd., Bold Penguin and more.
Hurricane Matthew made landfall over 6 months ago, but the insurance industry is still reeling from its numerous record-breaking effects.
There has never been a better time technologically to capture growth through experience management.
Insurance industry leaders are convinced artificial intelligence (AI) will \'revolutionize the customer experience and empower agents, brokers and employees,\' according to a new report.