The Automation and Technology Committee of the National Association of Surety Bond Producers (NASBP) designed the Information Technology Survey with a goal of examining the current use of technology by NASBP members. The results of this survey provide valuable information for NASBP Members to determine their technology needs in the coming year.
With an overwhelming response to the survey, NASBP was able to produce detailed statistics from over 20 key questions. The results are broken down into four categories:
- annual surety premiums of less than $1,000,000
- annual surety premiums of between $1,000,000 and $3,000,000
- annual surety premiums of over $3,000,000
- collective results
As technology becomes a more important and integral part of the day-to-day activities of surety bond producers and their agencies, NASBP will continue to develop tools and resources for members to assist them in addressing their automation and technology challenges.