Hear the Idea Come to Life

Featuring Richard Wulff (ICISA), Fanny Beaumont & Benjamin Le Forestier.
Shared during the ICISA/FCI/Afreximbank Regional Conference in Abuja.

Research

Surety Outlook 2025: Tech & Ops Benchmarks

Benchmark your Surety performance against 40 leading carriers and brokers

Conducted by Everest Group

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The race to modernize Surety is on

The global Surety market was valued at US $20–21 billion in 2024 and is projected to reach US $29–32 billion by 2030, growing at a 5–7 % CAGR.

But growth hides uneven progress. While leaders invest in automation and analytics, many carriers and brokers remain limited by manual reviews and fragmented workflows.

The Surety Outlook 2025: Tech & Ops Benchmarks, conducted by Everest Group and commissioned by Tinubu, examines how 40 Surety organizations across North America are modernizing their operations to achieve scale, speed, and smarter collaboration across Contract and Commercial Surety.

Growth admidst inefficiency: the modernization gap.

Modernization gap

Barriers to modernization: the maintenance trap

maintenance trap

Broker-Carrier alignment: a growing divergence

growing divergence

Growth amidst inefficiency: the modernization gap

Performance differences in Surety are widening.
Top carriers achieve 500 + bonds per FTE, while nearly a quarter of the market operates above 10 FTE per US $10 million premium. Read more >

Inside the report:

Efficiency benchmarks by FTEs per US $10 million premium and bonds per FTE
Cycle-time comparisons for Contract and Commercial Surety
Metrics on throughput and modernization maturity

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Modernization gap

maintenance trap

Barriers to modernization: the maintenance trap

Modernization remains constrained by legacy systems.
Most carriers and brokers still spend the majority of their IT budgets maintaining outdated platforms instead of investing in transformation. Read more>

From the report:

3–5 % of GWP allocated to technology, primarily for legacy maintenance
Integration with enterprise systems cited as the #1 modernization challenge
Only 22 % of brokers operate on integrated platforms

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