The 10 Myths of Surety Technology
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23 January 2017
Written By Jeffrey York · Vice-President of Business Development · Bond-Pro®
The Surety market is quickly evolving, consolidating and globalizing. Consequentially, the basic tenants of Surety Underwriting, the three C’s of Surety (Character, Capacity and Capital) are under siege. In recent years, Surety profitability has been more so achieved through mergers & acquisitions, international expansion, increased efficiency, automation or combinations thereof. Regardless of the method, each requires the application of modern technologies to be successful. Antiquated record keeping systems and siloed data repositories mashed together with Excel spreadsheets and Access databases will not be enough to survive let alone thrive....