Digital transformation to grow your surety bond business.
CAM Surety is the software for providers of surety bonds that offers administration of existing business, risk evaluation and product management all in one system under a single user interface.
It supports you in the digitalisation of your business – starting with access for customers and brokers and going right up to interfaces for business partners such as information agencies.
We know what matters. If you want to grow, you need future-orientated technologies. Our IT solutions are state-of-the-art and will support you in all areas of your business. With the help of our Credit & Surety Software, the development of new products and their marketing only takes a fraction of the time needed using conventional methods.
The surety insurance market as a specialty line is very different from other insurance business such as property-casualty business. The special requirements often cannot be met by standard insurance software.
Your benefit: Short time-to-market for fast growth. CAM Surety is perfectly tailored to your needs and fulfils the high demands of surety bond providers on IT solutions in every way.
CAM Surety enables you to manage all of your surety agreements, including comprehensive documentation of every procedure.
All the partners involved in the process such as clients, other insured parties, brokers, risk carriers, counterparties, guarantors, beneficiaries, fronters and co-insurers can be managed in structured partner files.
The invoicing of premiums and fees including the accounting of services with brokers and other parties involved can be performed automatically in CAM Surety.
With the help of workflow-controlled approval processes and automatic plausibility checks, it is possible to guarantee that the checking and release of contracts is performed in compliance with the regulations at all times.
The surety portal enables you, as well as your partners and clients to manage surety needs digitally. By providing a digital channel to your clients and partners you can offer digital products and support for their whole lifecycle. The self-service approach simplifies the workload of your employees and partners. Users can perform recurring activities themselves (e. g. view agreement details, requesting new agreements, download and upload documents, requesting liability releases and other changes) independent of time or location.
Retain your existing customers and attract new ones through digital offerings and permanent availability of your services.
"With CAM Surety from SCHUMANN, we rely on a modern software solution that enables us to communicate entirely digitally with our surety bond customers."
The demand for surety insurance has been growing rapidly for some time and the future could look bright for surety bond providers and MGAs in particular, but competition continues to increase due to new market entrants. It is becoming increasingly difficult to find capacity in this growing market. The requirements for data accuracy, as well as risk assessment and monitoring are now higher than ever. The pressure for digitization and technological support, in order to work efficiently and make quick decisions, has increased significantly. For MGAs to remain competitive and continue to be one of the most dynamic and innovative parts of the insurance industry, close cooperation with software providers is essential.
Download our product information and learn more about how we can support you.
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As Head of Sales Credit & Surety at SCHUMANN Lara Biermann is advising and supporting international credit risk insurer and surety bond provider in digitizing and automating their risk and business process management. She studied business administration focused on finance, accounting and taxes and supervises international credit and surety insurance companies while implementing CAM Credit & Surety.
Head of Sales Credit & Surety, SCHUMANN
CAM Credit, our software for credit and political risk insurance companies as well as export credit agencies, is a turnkey solution that fully maps the complex and specific aspects of the credit insurance business.