Surety: Trends, Opportunities, and Challenges

Report Summary

Surety: Trends, Opportunities, and Challenges

Culture, budget, and maturity of the existing surety bond administration systems are key challenges.

Mitch Wein
Senior Principal
Martin Higgins
Senior Principal

Boston, September 7, 2021 - As insurers move to support new digital technologies in the surety industry, the maturity of the existing surety bond administration systems provides challenges for the expectations of younger agents and principals. 

This executive brief examines surety trends and use cases, and profiles eight surety solutions. Vendors profiled are Bond-Pro, Crowe, Insurance Automation Group iAutomate, Propeller, Surety2000, The Institutes RiskStream Collaborative, Tinubu Square, and Xenex. 

Clients of Aite-Novarica Group's Property & Casualty Insurance service can download this 11-page report.

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