CAM Surety from SCHUMANN is a product specially designed to meet the needs of surety bond providers. It enables LVM to manage facilities and the corresponding bonds and includes a tool for credit risk evaluation as well as diverse administrative components, e.g. for the accounting of the agreements. The solution is fully integrated at LVM and is connected via interfaces to the master data and host system as well as the printing facilities. The system is completed by a connected customer portal in which customers of LVM Versicherung can manage their active agreements and apply for new bonds. The bonds applied for in the portal can be issued by CAM Surety fully automatically. A continuous digital end-to-end process takes place, which considerably reduces the manual input required.
"It was the right decision to go for a product that was already fully functional rather than developing a solution ourselves. We not only profited from the specialist advice in the workshops but in the future will benefit from all of the advantages that a product under continuous development brings with it", explained Hühn. CAM Surety is continuously optimized both in its content and technologically, and also offers a broad spectrum of configuration possibilities in relation to product management and control. It can therefore easily be adapted to changing market conditions or business orientations.
"Digitalization and customer orientation are increasingly becoming indispensable factors for success, also in B2B insurance business. Only those who are in the position to design processes efficiently and without continuity breaks will be able to exist in the market in the longer term. We are pleased to be able to accompany LVM Versicherung on their journey into the digital future", declared Dr. Martina Städtler-Schumann, Managing Director of SCHUMANN.