If one thing is abundantly clear, a paradigm shift in surety has occurred and it's grown rapidly in the past year.
To find out how commercial insurance carriers are managing the change, we've partnered with Novarica to take a closer look at how the market has evolved and where it's headed.
Surety: 2021 Technology Trends and Priorities Report
In a competitive market where the customer experience is vital, surety carriers have to meet the demands of agents and principals by staying up-to-date with changes in technology.
This report, performed by Novarica, shows that surety carriers are considering strategies to address moving from paper-based, manual processes to automated processes that facilitate a surety bond journey.
By leveraging digital technologies, the adoption of e-signature, e-notarization, data analytics, and digital bond form libraries are becoming increasingly popular.
The research is broken down into the following eight categories:
- Surety Market Trends
- Digital Communication and Agent Connectivity
- Underwriting and the Emergence of Portfolio Analyzers
- Digital Bond Form Libraries
- Data and Reporting
- Billing and Premium Adjustments
- E-Signature and E-Notarization
- Third-Party Solutions vs. Internal Solutions
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A report in which Novarica partners with Tinubu to ask commercial insurance carriers how the surety market has evolved and where it's headed. Download the report to read what they have to say.Download