Surety Bond Quarterly - Summer 2017 - 33

form to the surety, through approval
is an open standard that can be used
as soon as it is enabled. As technoland execution of the bid and performance bond, all of which took about
ogy providers enable it within their
10 minutes. This demonstrated how
products, producers will be able to
the seamless transmission of data
benefit from enhanced analytics. For
between agency and surety systhe surety management system protems can eliminate duplicate entry
viders, if they're an ACORD member,
and drive efficiency. The use of
they may already have full access to
real-time data exchange between
implement the eLabel technology.
the agency and surety allows expeFor non-members, ACORD is offering
dited underwriting review and
a limited license to promote usage
informed decisions.
and implementation. Encourage your
Insurance Automation Group folpartners to discover how they can
lowed a contractor's bond request
help your agency become more efficient, improve the customer service
from client submission, agency proexperience, and stay competitive.
cessing, and execution through its
surety management system to billThe latest resources related to the
ing through the agency management
NASBP Surety Innovation Center are
system. Its presentation highlighted
available at http://nasbp.org/sic. Contact
IVANS' eDocs technology, which
Dave Golden, Director, Information
facilitates the transmission of data
files, such as reports of execution and
powers of attorney from the surety to
the producer. NIIT Technologies provided a demonstration of how data
standards facilitate the communications between all stakeholders in the
surety process.
The joint efforts of the NASBP
Automation & Technology Committee
and SFAA E-Business Advisory
Committee to work with industry
partners to develop data standards
are starting to come to fruition. After
watching the presentations, Chris von
Allmen with Garrett-Stotz Company,
Louisville, Kentucky, commented
"The innovation stage at the Annual
NASBP Meeting highlighted a turning point of technology in surety.
Viewing the ability to download a
Work in Progress schedule and have
an outputted analysis shows exactly
how close we are to this future." 752917_Selective.indd 1
So how can you start benefiting
from these technologies? The presentations at the Innovation Stage
provided a glimpse of the technology that is coming your way. Keep
an eye out for announcements as
The Creativity, Flexibility,
these improvements go live; they'll
and Service You Deserve
be highlighted in the NASBP pubFrom a Surety Partner
lications, NASBP SmartBrief and
Pipeline. In the meantime, discuss
the benefits and potential usage of
www.granitere.com
the data standards with your surety
1-800-440-5953
partners and system providers. XBRL
NATIONAL
692336_Granite.indd
1

Technology, at dgolden@nasbp.org
for more information.
●
Robert M. Coon is Vice-President of
Surety for the NASBP Member firm
of Scott Insurance in Greensboro,
NC. Coon focuses exclusively on the
surety industry and has over 30 years
of experience as both an underwriter
and agent. Based in Greensboro, NC,
with clients throughout NC and VA,
Coon works with contractors ranging in size from startups to multinational contractors to maximize
their surety programs both in the
U.S. and internationally. Coon serves
as Chair of the NASBP Automation
& Technology Committee. He can
be reached at rcoon@scottins.com
or 336.510.0072.

6/16/15 1:15 AM

ASSOCIATION OF SURETY BOND PRODUCERS | WWW.NASBP.ORG
5/4/1433
7:44 AM


http://www.nasbp.org/sic http://www.selective.com http://www.granitere.com http://www.granitere.com http://WWW.NASBP.ORG

Table of Contents for the Digital Edition of Surety Bond Quarterly - Summer 2017

NASBP Upcoming Meetings & Events
2017–2018 Executive Committee
From the CEO: Bringing Summer Heat: A Rundown of “Hot” Stuff in the Evolving World Surrounding Surety
Howard Cowan—Building on a Solid Foundation
Mitigating the Hidden Risks in the “New Normal” Construction Environment
Acting Director of the U.S. SBA Office of Surety Guarantees
Drones Take Flight in the Construction Industry
2017 AIA Contract Documents: Selected Key Changes
NASBP to Release Continuing Education Course: Joint Ventures in Construction
How Can Construction Contractors Expedite Payment on Federal Contracts?
Insurtech for Surety: The Future Is Closer than You Think!
Index to Advertisers
Surety Bond Quarterly - Summer 2017 - Intro
Surety Bond Quarterly - Summer 2017 - cover1
Surety Bond Quarterly - Summer 2017 - cover2
Surety Bond Quarterly - Summer 2017 - 3
Surety Bond Quarterly - Summer 2017 - 4
Surety Bond Quarterly - Summer 2017 - 5
Surety Bond Quarterly - Summer 2017 - 6
Surety Bond Quarterly - Summer 2017 - 2017–2018 Executive Committee
Surety Bond Quarterly - Summer 2017 - 8
Surety Bond Quarterly - Summer 2017 - From the CEO: Bringing Summer Heat: A Rundown of “Hot” Stuff in the Evolving World Surrounding Surety
Surety Bond Quarterly - Summer 2017 - Howard Cowan—Building on a Solid Foundation
Surety Bond Quarterly - Summer 2017 - 11
Surety Bond Quarterly - Summer 2017 - Mitigating the Hidden Risks in the “New Normal” Construction Environment
Surety Bond Quarterly - Summer 2017 - 13
Surety Bond Quarterly - Summer 2017 - 14
Surety Bond Quarterly - Summer 2017 - 15
Surety Bond Quarterly - Summer 2017 - 16
Surety Bond Quarterly - Summer 2017 - 17
Surety Bond Quarterly - Summer 2017 - 18
Surety Bond Quarterly - Summer 2017 - 19
Surety Bond Quarterly - Summer 2017 - Acting Director of the U.S. SBA Office of Surety Guarantees
Surety Bond Quarterly - Summer 2017 - 21
Surety Bond Quarterly - Summer 2017 - Drones Take Flight in the Construction Industry
Surety Bond Quarterly - Summer 2017 - 23
Surety Bond Quarterly - Summer 2017 - 2017 AIA Contract Documents: Selected Key Changes
Surety Bond Quarterly - Summer 2017 - 25
Surety Bond Quarterly - Summer 2017 - 26
Surety Bond Quarterly - Summer 2017 - NASBP to Release Continuing Education Course: Joint Ventures in Construction
Surety Bond Quarterly - Summer 2017 - How Can Construction Contractors Expedite Payment on Federal Contracts?
Surety Bond Quarterly - Summer 2017 - 29
Surety Bond Quarterly - Summer 2017 - 30
Surety Bond Quarterly - Summer 2017 - 31
Surety Bond Quarterly - Summer 2017 - Insurtech for Surety: The Future Is Closer than You Think!
Surety Bond Quarterly - Summer 2017 - 33
Surety Bond Quarterly - Summer 2017 - Index to Advertisers
Surety Bond Quarterly - Summer 2017 - cover3
Surety Bond Quarterly - Summer 2017 - cover4
https://www.nxtbook.com/naylor/SBPQ/SBPQ0118
https://www.nxtbook.com/naylor/SBPQ/SBPQ0417
https://www.nxtbook.com/naylor/SBPQ/SBPQ0317
https://www.nxtbook.com/naylor/SBPQ/SBPQ0217
https://www.nxtbook.com/naylor/SBPQ/SBPQ0117
https://www.nxtbook.com/naylor/SBPQ/SBPQ0416
https://www.nxtbook.com/naylor/SBPQ/SBPQ0316
https://www.nxtbook.com/naylor/SBPQ/SBPQ0216
https://www.nxtbook.com/naylor/SBPQ/SBPQ0116
https://www.nxtbook.com/naylor/SBPQ/SBPQ0415
https://www.nxtbook.com/naylor/SBPQ/SBPQ0315
https://www.nxtbook.com/naylor/SBPQ/SBPQ0215
https://www.nxtbook.com/naylor/SBPQ/SBPQ0115
https://www.nxtbook.com/naylor/SBPQ/SBPQ0414
https://www.nxtbook.com/naylor/SBPQ/SBPQ0314
https://www.nxtbook.com/naylor/SBPQ/SBPQ0214
https://www.nxtbookmedia.com