For agencies managing large Surety portfolios, renewing and updating bonds has long been an exercise in repetition. Simple changes—like updating premiums, expiration dates, or client details—often require opening and editing each bond individually, making routine maintenance a time-consuming, error-prone process.
Tinubu’s new Bulk Bond Update & Renewal functionality replaces that manual grind with a faster, more scalable approach. Brokers and agents can now apply changes to dozens or hundreds of bonds at once, with accuracy and control.
The Traditional Grind: A Manual, One-by-One Process
Historically, managing bond renewals and updates requires staff to:
- Navigate to each bond individually within their management system
- Manually review all relevant data for that specific bond.
- Type in renewal or update information—from premium adjustments and commission rates to client or carrier details—for every single file.
- Progress each bond through its stages separately.
For a large agency with a portfolio spanning multiple clients, this could mean repeating these steps for hundreds of bonds in a single renewal cycle.
Two Big Flaws
In addition to tedium, the manual method has two major downsides:
- Risk of Error: Every manual entry is an opportunity for a mistake. A misplaced decimal or an outdated address can lead to financial discrepancies, compliance issues, and administrative headaches.
- Significant Time Consumption: The sheer volume of clicks and data entries required makes the process agonizingly slow. It diverts valuable staff time from higher-value tasks like client service and business development, stagnating workflows.
The cognitive and time burden is immense, turning routine administration into a quarterly or year-end ordeal.
Tinubu’s Solution: Bulk Bond Update & Renewal
Developed in close collaboration with industry partners, the Tinubu Surety Brokers and Agents (TSBA) platform now features renewed Bulk Bond Update and Bulk Bond Renewal functionalities. These tools are designed to replace individual bond processing with intelligent, batch-driven workflows.
How It Works: A Streamlined, Two-Step Process
A new ‘Bulk Update Matching Bonds’ button makes the power of bulk processing accessible directly from your existing workflow. Here’s how it transforms a complex task into a simple one:
- Initiate from Any Bond: From any active bond, select the ‘Edit Bond Information / Issue Rider’ action from the Processing Options panel. Make the necessary change to one or more fields.
- Apply to All Matching Bonds: Instead of saving just that one bond, click ‘Bulk Update Matching Bonds’. The system instantly searches for and returns a list of all active bonds that share the original field value you are changing. You can then multi-select from this list to apply the identical update across dozens or hundreds of bonds simultaneously. The system automatically skips bonds in cancelled, closed, or draft states, ensuring data integrity.
The Impact in Action: Real-World Use Cases
This functionality directly solves the specific, high-volume challenges faced by modern agencies:
Use Case: Bulk Updates for a Major Client
One of our major clients, a Surety agency managing a large portfolio of bonds across 80 A-rated Surety markets, can now handle widespread changes in minutes. For example, when a rider is required to reflect new premium rates across 150 bonds, an agent simply updates one bond with the new rate and uses the bulk function to apply it to all matching bonds. This ensures data consistency and eliminates the risk of missing a bond during a manual, one-by-one update.
Use Case: Efficient Portfolio Renewals
When that agency is overseeing more than 50 bonds for a single client that all require an extension of their expiration dates, the Bulk Renewal feature is transformative. Instead of opening each bond individually—a tedious and error-prone task—agents can now renew entire batches of matching bonds in one efficient operation, saving hours of administrative work.
The Bottom Line: Faster, More Accurate, and Scalable Operations
The shift from manual to bulk processing is transformative:
- Dramatic Efficiency Gains: Processes that took days can now be completed in a fraction of the time, freeing teams for strategic work.
- Enhanced Accuracy and Consistency: By reducing manual entry points, the risk of human error is significantly minimized, ensuring uniform data across the entire portfolio.
- Built for Scale: As portfolios grow, these bulk features future-proof operations, allowing teams to manage expanding client lists without proportionally increasing administrative overhead.
Bulk Renewal and Bulk Update are now core, automatically available features of the TSBA platform. It represents a fundamental modernization of core Surety operations, replacing strain and risk with control, consistency, and remarkable efficiency.
For agencies looking to modernize their business, reduce errors, and empower their teams, the era of the one-by-one bond update is over. The future is in bulk.
