Surety claims are not like auto or property claims, yet most carriers still run them on systems built for exactly that kind of loss. A Surety claim carries three-party obligations instead of a two-party loss, a long judgment-driven investigation instead of a quick assessment, and legal, financial and project oversight that all have to move together. Generic claims platforms were never built to hold that together, and the gap costs the US market up to $2.5B a year in claim-related expense.
Who it's for: Surety claims and operations leaders still running claims on generic platforms and manual workarounds.