The surety industry is poised to change. Will you be able to keep up?

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.

Get financial insights faster
Monitor contractors’ financials and performance and get instant insights into portfolio risks.

Relying on the past won’t help you prepare for the future.

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.

The first step to growth and sustainability is identifying where you can automate, eliminate, and streamline.

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.

 

 

 

Your 99 strong underwriting decisions can be undone by a single mistake.

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

Transformation package for sureties

Provide insights into underwriting risks and deepen customer relationships with faster decision-making.

  • Automated collection of documents
  • Automated financial statement input
  • Automated work in progress (WIP) schedule input
  • Automated financial statement evaluation
  • Automated WIP schedule analysis
  • Customer risk rating
  • Construction industry benchmarking
  • Contractor summary

Automation package

Automation package

Improve data consistency while minimizing the time employees spend on tedious, low-level tasks.

  • Automated collection of documents
  • Automated financial statement input
  • Automated work in progress (WIP) schedule input
  • Automated financial statement evaluation
  • Automated WIP schedule analysis

Peer data package

Peer data package

Compare financial data against other organizations to provide analysis and key performance indicators that can help improve performance.

  • Automated collection of documents
  • Automated financial statement input
  • Construction industry benchmarking

You don’t have to do it by yourself.

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:

  • Automate data collection and transform financial statements and job schedules into machine readable documents
  • Eliminate manual data entry
  • Monitor contractors’ financials and performance
  • Access instant insights into portfolio risks
  • Gain industry-specific assessments and benchmarking
  • Detect risks early and mitigate them quickly

We can help you manage your financial data to make it more easily retrievable.

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.

Let’s see how we can help you.

Reach out to our team so we can chat about your goals and challenges and identify the best path forward for your organization.
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Let's automate routine processes so your underwriters can focus on value-add, growth opportunities.

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.