Bond & Credit Company (BCC) Success Story
- Company launched in 18 months (from starting talks to doors opening).
- Solution: Tinubu® Credit Insurance Suite (CIS).
Over $2.5 Million annual turnover
Member of the Tokio Marine Group (TMG) since 2019
The Bond 1 Credit Co. (BCC) is based in Sydney
The BCC achieved $36 million in gross written premium in 2018
BCC has 24 employees in its Sydney and Melbourne offices
We didn't want to just offer one product, or two products, we wanted to offer the whole suite of products. Tinubu enabled us to do with a full life cycle system. This was absolutely critical for us to promote our products".
Chief Executive Officer at Tokio Marine Management (Australasia)
The Bond & Credit Company was a new entrant in the banc assurance market. The company was a new kind of underwriting agency having gathered the very best in the field under one roof. The BCC decided to offer brokers true innovation and a real alternative in the mergers and acquisitions, trade credit and surety markets by adopting the Tinubu Square solution.. The Bond & Credit Company (BCC) is now a member of the Tokio Marine Group.
The Bond & Credit Company goals were:
Tinubu is an overall system which enables us to have not just an underwriting platform but also a platform that provides us with an administrative support. It also provides us with the ability to monitor risks and it also helps us in focusing in the claims process. It provides a whole package and in providing that whole package we have been able to put ourselves into a position where we are competing with all players in the market, in Australian market. And we have the flexibility to grow".
Managing Director, The Bond & Credit Company
Tinubu help create a library of data, an audit trail and the support systems
Short implementation timeframe
A full life cycle system to run the business