EVERYONE
Surety bonds serve as a safeguard to the general public ensuring that companies and individuals successfully complete duties they have been selected to perform.

Modern, well‑adopted standards help the Surety industry earn public trust by bringing consistent practices and increased velocity to an increasingly digital marketplace.
Standards bring greater transparency to the Surety process by enabling the delivery of accurate, reliable, timely information to all stakeholders.
PRINCIPALS
The companies and individuals have been selected to perform a duty.

Modern Surety industry standards enhance service delivery and principal satisfaction by enabling efficiency, transparency, and smoother interactions across the bonding process.
By establishing consistent practices and reliable information, Surety industry standards enable principals to access greater bonding capacity.
SURETIES
Insurance Companies and Master General Underwriters (MGUs) who underwrite Surety Accounts & Bonds

Modern Surety standards drive greater operational velocity by enabling automation, reducing rework, and supporting faster decision‑making.
Surety industry standards help reduce claims and losses by improving underwriting consistency, enhancing risk visibility, and enabling more informed decision‑making.
By establishing consistent processes and data expectations, surety standards lower operational costs, reduce administrative overhead, and leverage AI.
AGENTS
Insurance Brokers & Agencies who issue Surety Bonds

Modernized Surety industry standards shorten customer response times for agents by enabling automation, clarity, and smoother end‑to‑end interactions
Standards empower agents to scale their books of business by handling more clients with less manual effort and earning higher commissions as a result.
Surety standards enable scalability by minimizing repetitive data entry, eliminating one of the most burdensome limitations of traditional operations.
REINSURERS
Insurers of Insurance Companies

Surety industry standards remove barriers to visibility, enabling reinsurers to better understand and manage the risks within their portfolios.
Surety standards enhance reinsurer profitability by improving underwriting insight, reducing uncertainty, and creating consistent performance across clients.
Adoption of standards enables Sureties to more easily provide reinsurers access to the information to clearly understand the risks they are assuming.
OBLIGEES
Organizations who require Surety Bonds from Principals

Standards ease the administrative burden on Obligees by eliminating unnecessary complexity and creating more efficient and collaboratives processes.
Adoption of Surety standards provides Obligees real‑time digital information including instant surety bond verification and up‑to‑date project status reporting.
Surety industry standards help prevent fraud by enabling digital verification, transparency, and stronger controls throughout the Surety ecosystem.
THIRD PARTIES
Others involved in the Surety ecosystem including Banks, Attorneys and CPAs.

By standardizing data and workflows, standards enable tighter collaboration between Surety stakeholders and third parties, unlocking faster and more connected operations.
Surety industry standards expand revenue opportunities to third parties by enabling efficiency, scale, and innovation beyond the limits of legacy processes.
By enabling aligned workflows and seamless information exchange, standards reduce, and in many cases eliminate, the inefficiencies that hinder interactions between stakeholders and third parties.
TECHNOLOGISTS
Surety Information Technology Employees & Vendors

Adoption of Surety standards unlocks siloed data and creates interoperability across systems, enabling seamless information exchange and end‑to‑end efficiency.
Adoption of surety industry standards eliminates many of the challenges technologists face when building Surety specific systems and automation.
Standards lay the foundation for AI‑driven innovation by eliminating data fragmentation and enabling automation‑ready systems.
SuretyScience provides the specific domain knowledge, technical expertise and uniform data needed to implement these solutions, increase AI readiness, and future proof your Surety business.
SuretyScience provides the specific domain knowledge, technical expertise and uniform data needed to implement these solutions, increase AI readiness, and future proof your Surety business.
SURETY STANDARDS PETITION

