IAT Insurance Group (IAT), the industry’s largest privately owned surety provider has selected Bond-Pro Enterprise Next Gen® as their surety solution platform. After extensive due diligence, IAT selected Bond-Pro to automate and manage the entire life cycle of their surety business, including contract, commercial, and fidelity for their diverse customer base.
“As we continue to grow our surety market share, our focus is to elevate the customer experience, drive automation, reduce inefficiencies, and mitigate underwriting risk. We desire a modern surety software platform with a high degree of automation and flexibility to facilitate underwriting, issuance, rating, scoring, decisioning, self-service, and workflow,” said IAT Surety Executive Vice President Ken Chapman. “Bond Pro’s Next Gen surety platform solution supports our goals to provide superior service while reducing our operating costs and claims.”
Frederick Duguay, CEO of Bond-Pro said, “IAT, in terms of surety premium, is a top ten insurance carrier. This further demonstrates how our Next Gen software continues to meet the demands of the world’s largest insurers. IAT has trusted our expertise to implement our enterprise grade, ‘No-Code’ solution to automate processes, attract premiums, mitigate underwriting risk, and provide clients with self service capabilities via a portal. We are excited to partner with them in fundamentally changing surety!”
About IAT Insurance Group
Certified as a Great Place to Work® for the past three years, IAT Insurance Group is a privately owned, specialty insurance company providing property casualty and surety products for niche markets. IAT goes to market through eight business units – Commercial Transportation, Specialty, Programs, Inland Marine, Excess Casualty Mid-Market, Reinsurance, Surety and Management Liability. The IAT Insurance Group companies are rated A- Excellent by A.M. Best. Connect with IAT Insurance Group on LinkedIn and learn more about the company at https://iatinsurancegroup.com
Bond-Pro, Inc. is the developer and publisher of Bond-Pro® Enterprise Next Gen®, the leading Surety automation and management software utilized by hundreds of agencies and dozens of surety carriers worldwide. It drives greater premiums, improves underwriting efficiency, reduces costs, and mitigates risk. Bond-Pro’s products and services enable surety professionals to effectively manage the entire surety life cycle, including account and bond underwriting, scoring, rating, decisioning, bond forms library, claims & collateral administration, reinsurance, and self-service portals. For more information visit https://www.bond-pro.com or call +1 (813) 413-7576.
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