How SaaS Surety Systems Reduce IT Costs and Headaches for Carriers

How SaaS Surety Systems Reduce IT Costs and Headaches for Carriers

Developing and maintaining an in-house Surety platform requires significant financial and human capital—not just during the initial build, but for years to come. One of the most substantial challenges is the ongoing burden placed on IT teams. Beyond the cost and complexity of custom development, internal platforms require continuous maintenance, upgrades, cybersecurity protections, and system integrations.

A recent Datos PAS report highlights this strain, noting that “many insurers report that more than 75% of their IT budgets go toward ‘keeping the lights on’” when it comes to maintaining homegrown software systems. This doesn’t just reflect financial costs—it underscores the massive IT resources required to keep a custom system operational, often at the expense of innovation and business growth.

By adopting a SaaS Surety platform like Tinubu, carriers can significantly reduce IT overhead, simplify system management, and free up resources for strategic initiatives. A SaaS provider handles the heavy lifting—implementation, maintenance, security, and compliance—allowing internal IT teams to focus on driving business value rather than maintaining software. 

Simplified Implementation, Maintenance and Support

SaaS solutions are designed for rapid deployment, minimizing the time and resources required for implementation. Unlike an in-house build, where IT teams must manage system setup, infrastructure, and configurations, a SaaS provider takes full responsibility for getting the platform up and running. Any technical challenges that arise are handled by the provider, not your internal team.

Post-deployment, SaaS providers manage system maintenance and troubleshooting, ensuring high availability and performance without taxing internal IT staff. This also reduces operational risks—proactive monitoring and updates minimize system vulnerabilities and downtime, eliminating many of the common pain points associated with maintaining an in-house solution.

Additionally, every Surety platform requires ongoing training and technical support. With a SaaS provider, these functions are fully managed externally, further reducing the strain on your internal team.

Automatic Upgrades, Security and Compliance

Software requires continuous updates to stay secure, efficient, and compatible with evolving technologies. SaaS providers deliver automatic upgrades—including performance enhancements, new features, and security patches—without disrupting operations. This ensures that your platform remains cutting-edge without requiring manual intervention from your IT team.

Security is another major consideration. A robust cybersecurity program is essential for any Surety system, but building and maintaining one internally demands extensive expertise and resources. SaaS providers invest heavily in enterprise-grade security infrastructure, including encryption, firewalls, intrusion detection, and ongoing threat monitoring. Regular security audits and compliance management ensure that the platform meets the latest industry regulations—relieving internal teams of this complex responsibility. Doing this in-house can be a headache for an IT department whose main area of expertise is, understandably, not Surety compliance.

Improved Reliability and Availability

SaaS providers typically have robust infrastructure and redundancy measures in place, ensuring high availability and uptime. In terms of functionality, this is more reliable than depending on in-house hardware which will be more vulnerable to problems like power outages. Using cloud-based SaaS minimizes the risk of system downtime and data loss, and it avoids your technology team scrambling to address urgent technical problems. 

SaaS solutions will include automated data backup and disaster recovery services, ensuring data integrity and availability without making additional demands on your team.

Streamlined Scalability and Management
As Surety businesses grow, technology platforms must scale accordingly. And the Surety market is steadily growing. Over the next five years, it is projected to reach a market size of approximately $27 billion. Expanding an in-house system can be a slow, costly process, requiring IT teams to scope, develop, and deploy enhancements—delaying time-to-market and adding to the overall complexity.

SaaS solutions, on the other hand, are designed for flexibility and scale. Providers like Tinubu continuously iterate and improve their platforms, enabling rapid scaling to meet changing business demands. Since SaaS operates on a subscription and usage models, organizations only pay for the resources they actually need—avoiding unnecessary infrastructure costs.

Additionally, SaaS platforms simplify system management by offering built-in APIs and integration tools. This eliminates the need for IT teams to develop and maintain complex custom integrations, reducing both technical debt and operational overhead.

Lower IT Costs and Simplified Budgeting
Traditional software investments require significant capital expenditures for software licenses, infrastructure, and ongoing maintenance—costs that can be difficult to predict. SaaS solutions replace these unpredictable expenses with a consistent payment model, making budgeting more manageable and reducing financial risk.

Cloud-based deployment also eliminates the need for costly on-premises hardware, further lowering IT expenditures while ensuring access to the latest technology advancements.

Reduce IT Costs and Complexities With a Surety SaaS Provider

Building and maintaining a Surety platform in-house demands substantial financial and human resources, ongoing IT investment, and a long-term commitment to software development. For many carriers, these efforts divert valuable resources from core business operations, slowing innovation and increasing operational risk.

By leveraging a SaaS provider like Tinubu, Surety carriers gain access to a proven, scalable, and secure platform—without the IT headaches. With implementation, maintenance, security, and compliance fully managed by the provider, internal teams can focus on what matters most: driving business growth and delivering exceptional service to clients.