In fewer than 90 days, Munich Re Specialty Insurance (MRSI) implemented into production Bond-Pro’s Next Gen surety solution, bolstering its technology infrastructure with a best-in-class surety automation solution cloud offering via Bond-Pro’s SaaS platform.
“Service, speed and flexibility are at the core of our value proposition to the surety market, and our offering requires a strong technology foundation to deliver on that,” said Dave Pesce, Head of Surety, MRSI, which in May began offering Contract and Commercial surety bonds. “As Munich Re continues to grow our surety business, our focus is to drive automation and manage underwriting risk.”
MRSI selected Bond-Pro’s Enterprise Next Gen as a full SaaS offering, including full hosting capabilities on the Bond-Pro Infrastructure.
“All insurers focus on ease of use and speed-to-market as a differentiating factor,” said Chris Leblanc, Chief Product and Technology Officer, Bond-Pro. “But what MRSI has accomplished is unprecedented – they have built a fully-operational business offering from the ground up in less time than many insurers, still tied to legacy systems, take to make a small change to a single insurance product. Bond-Pro is excited to support MRSI in this endeavor and help them as they grow and expand.”
Frederick Duguay, CEO of Bond-Pro said, “Munich Re Specialty Insurances selection further demonstrates how our Next Gen surety software platform continues to meet the demands of the industry’s largest insurers by automating processing, mitigating underwriting risk, and providing clients with self service capabilities via our portal. We are excited to be partnering with MRSI.”
