October 10, 2019
Tampa, FL USA and Göttingen, Germany – Bond-Pro, Inc., the leading provider of Surety and Specialty Insurance products in North America, and Prof. Schumann GmbH, the leading provider of Credit Risk and Portfolio systems in Europe, have partnered to offer the only mature, proven Surety and Trade Credit technology platform for use in both North America and Europe.
We recognized each other’s solutions as the de facto standard and best of breed products in our respective specialty insurance markets. Integrating our platforms provides our global carrier clients unique and compelling competitive advantages. They can now seamlessly manage their Surety and Trade Credit books in North America, Europe and abroad from one solution.” said Frederick Duguay, CEO of Bond-Pro. “The combination of the Bond-Pro and Schumann products immediately fulfills a long-awaited need to accurately measure aggregate exposure, mitigate risk, lower operating costs, and drive premium across both lines of business and varying geographies in real-time.”
“After thoroughly analyzing the Surety & Trade Credit technology markets in Europe versus North America, we identified tangible differences including a significant number of unique requirements, degrees of automation complexity, and the necessity for localized domain expertise. Bond-Pro already addresses these needs and is the clear leader in the North American space.” said Martina Staedtler-Schumann, CEO and Co-Owner of Prof. Schumann GmbH. “Reciprocally, Bond-Pro recognized that Schumann already delivers a mature Trade Credit solution, has local presence and leadership in the European market. Therefore, forging an alliance to deliver this best of breed, first of its kind solution was the most beneficial decision for both of our companies and mutual customers.”
Bond-Pro Inc. (@BondProSoftware) is the developer and publisher of Bond-Pro®, the leading Surety automation and management software utilized by hundreds of agencies and dozens of surety carriers worldwide to drive greater premium, improve underwriting efficiency, reduce costs and mitigate risk. Its enterprise products and services enable Surety professionals to fully computerize and effectively manage the entire Surety life cycle including Accounts, Jobs, Bonds and Claims. For more information, visit www.bond-pro.com.
With its CAM product family, Prof. Schumann GmbH (@ProfSchumann) offers industry-leading solutions in the areas of credit risk, compliance and portfolio systems. As a leading consulting and software company, Schumann has decades of experience in providing innovative credit risk management solutions. Schumann clients include large, well-known companies in Germany and throughout the world. For more information, visit www.prof-schumann.de.
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