Overview
Bond-Pro's flagship Surety automation software platform utilized by Insurers and Brokers. It provides comprehensive Contract & Commercial Account Underwriting, Financial & WIPs Analysis, Indemnity Tracking, Collateral Management and Funds Control. It also delivers functionality for tracking Special Arragements including Resinsurance, Co-Surety and Fronting. Carrier Edition supports the many methods that Bonds are issued including through Employees, Agents or directly to Principals.
Key Features
- Total Lifecycle Management - Mature, Cradle-to-Grave Administration of Surety Accounts, Jobs & Bonds
- Workflow Automation - Highly Configurable Business Rules Ensuring Proper Routing and Process Enforcement
- Alerts & Notifications- Event & Time Triggered On Screen Alerts Coupled With Instant E-mail & SMS notifications
- User Specific Work Benches - Quick & Efficient Application, Account, Bond & Claims Approvals & Tasks Processing
- Scoring & Decision Making - Customizable Scoring & Decision Rules Enabling Assisted & Automated Approvals
- Account & Job Management - Roll Up & Consolidation of Principals, WIPs & Financials To Minimize Account Exposure
- Forms Design & Management - 10,000+ Forms Library, Visual Design Tools and Streamlined Document Generation
- Loss Reduction - Robust Claims, Collatoral & Subrogation Management Functionality
- Reinsurance - Easily Link Ceded Premiums To Treaties & Facultative Contracts
- Complete Bond Accounting - Including Invoice Premium Splits and Applying Full/Partial Payments
- Power of Attorney Tracking - Integrated Tracking of Both Electronic & Hard Power of Attorney Documents
- Agent and Principal Portals - Web Accessible Interfaces Tailored Specifically For Producers and Direct Customers
- Electronic Submission - Simplified Online Entry of Applications, WIPs, and Financial Statements Eliminating Dual Entry
- Version Control - Preschedule Modifications to Products, Rates & Forms and Properly Associate Changes to Past or Future Transactions
- Streamlined Integration - Modern, Services Oriented Architecture (SOA) & Plug-Ins To Credit Bureaus, Payment Processors, and Other Systems
Key Benefits
Attract Quality Premiuim
- Intelligent Routing & Tight Collaboration With Agents
- Guarantee Response Times
- Instantaneous Account/Bond Scoring & Decision
- Reduce Agent Workloads & Eliminate Triple Entry
Reduce Operating Costs
- Real-Time Dashboards & Surety Analytics
- Reduce IT/Vendor Reliance
- 10k+ Forms Library
- Compete On Service, Not On Price
- Eliminate Data Reconciliation Challenges & Overhead
Mitigate Risk & Claims
- Real-Time KPIs & Thresholds To Raise Tasks & Alerts
- System Driven Controls, Checklists & Validation
- Be Proactive, Not Reactive
- Immediately Understand Exposure
Product/Service details
SOLUTION OR SERVICE TYPE
Artificial Intelligence (AI) Platforms, Business Intelligence & Reporting Systems, Claims Management Software - P&C / General Insurance, Data Analysis and Consulting Services, Digital Adoption Platforms, Digital Agent, Digital Consulting Services, Digital Insurer, Digital MGA, Domain Consulting Services, eApplication Systems, eDelivery Systems, eSignatures Software, Innovation Consulting and Partnering, Insurance Agency Management Systems (AMS), Insurance Agent / Broker Platforms, Insurance Agent / Broker Portal, Insurance Digital Platforms, Low code / No Code Platforms, Policy Administration and Servicing (PAS) Systems - P&C / General Insurance, Real-Time Decision Engine (Insurance), Strategic Consulting Services, Subrogation Management Systems, Workflow/BPM Systems