Technology has changed the fundamental way of doing business, putting the surety industry on the precipice of embracing the digital age.
With virtual meetings becoming the new norm, surety underwriters are struggling through their task list, trying to maintain meaningful relationships, and simultaneously keeping their finger on the pulse of the entire industry.
An automated solution can help jump-start your transformation and improve efficiency, communication, and collaboration.
Risk assessments that use the past performance of a contractor carry less weight than ever. It has become increasingly important to look at current trends and compare peer groups to assess inherent risk.
From this vantage point, successful companies can identify key insights they need to manage underwriting risk now – and in the future.
And that’s how you start to underwrite the value of automation.
Many underwriting decisions might be automatic within your company guidelines. They’re based on the historic relationship you have with a contractor, along with the size and nature of the guarantee.
But the art of underwriting – and your greatest risk and opportunity – likely comes with analysis and decisions that fall outside these guidelines.
This is where your underwriters make decisions to either position your company to succeed or hinder it from assuming the right risks to achieve growth.
Give your underwriters time to make more thoughtful decisions. You can free them from manual financial data collection and entry and provide them with analysis-ready reports and peer comparisons that offer new insights into critical underwriting decisions.
Here’s how we can help your organization stay one step ahead:
Transformation package for sureties
Automation package
Peer data package
Transformation package for sureties
Transformation package for sureties
Provide insights into underwriting risks and deepen customer relationships with faster decision-making.
Automation package
Automation package
Improve data consistency while minimizing the time employees spend on tedious, low-level tasks.
Peer data package
Peer data package
Compare financial data against other organizations to provide analysis and key performance indicators that can help improve performance.
Your organization can get more data and better reporting by gathering complete and accurate information and reducing manual errors.
Automation creates opportunities to improve your outcomes, efficiency, and throughput in surety underwriting and production.
Here are some of the ways you can stay up to date on the latest regulations, standards, and trends:
Our solutions, which are available as stand-alone options or a complete package, can help make data entry simpler, faster, and more reliable:
Crowe Portfolio Analyzer for Sureties and Agents
A financial analysis tool that helps automate processes for agents, providing deeper insights, reporting, analytics, and analysis capabilities.
Crowe Financial Data Automation™ solution
Intelligent process automation that can turn financial statements and job schedules into machine readable formats, such as XBRL and XML.
Peer data
We can take your portfolio of financial statements and anonymize and aggregate the data to provide industrywide benchmarking.
Crowe Portfolio Analyzer for Sureties and Agents
A financial analysis tool that helps automate processes for agents, providing deeper insights, reporting, analytics, and analysis capabilities.
Crowe Financial Data Automation™ solution
Intelligent process automation that can turn financial statements and job schedules into machine readable formats, such as XBRL and XML.
Peer data
We can take your portfolio of financial statements and anonymize and aggregate the data to provide industrywide benchmarking.
Our surety team is ready to help your organization move into a more efficient and insight-driven future.
Let’s talk about why now is the right time to digitally transform your organization.
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