"With surety bonds we are extending our product range for business customers with a further important product. CAM Surety from SCHUMANN provides us with a modern software solution that makes it possible for us to communicate exclusively digitally with our surety bond customers and to do without any use of paper", explained Stefan Jörißen, Head of Surety at Gothaer Allgemeine Versicherung AG.
CAM Suretyis a surety software specifically designed for surety bond business. It combines administration of existing business, risk evaluation and accounting in one system with a single user interface. It enables the administration of surety bond transactions and a comprehensive documentation of all procedures. All of the partners who take part in the process such as clients, other insured parties, brokers, risk carriers, counterparties, collateral providers, beneficiaries, fronters and co-insurers are managed in structured partner files. Through workflow-controlled approval processes and automatic plausibility checks, the checking and release of transactions can be performed quickly and easily. Thanks to the Surety Portal, digital communication between the insurance company and its customers is taken care of.