Arthur J. Gallagher and Co. realizes an 80% time savings using SurePath to process and manage surety bonds.

 

Looking to streamline their bond processing operations, Atlantic Risk Management, a division of Arthur J. Gallagher and Company, have reduced the time it takes to process new bonds from about 15 minutes to between 2 and 3 minutes using SurePath.   Since SurePath eliminates re-keying data, renewals now take only 1 to 2 minutes instead of 15 minutes.

 

Bond Processing

“SurePath not only accurately calculates premium and commission for us, it also automatically tracks outstanding liability” says Terry Reynolds, an agent for Atlantic Risk Management.  Processing bonds has traditionally been a very manual process.  Prior to using SurePath, Atlantic Risk Management used a typewriter to fill out a bond form.  This meant that client, principal, and obligee information had to be re-typed each time a client needed a bond.  There was also a greater chance of error as premium and commission information had to be calculated manually.   SurePath lets you store rating information for a single client or multiple clients.

 

 

Bond Library

 

InSure Vision Technologies (IVT) maintains an extensive library of over 2,000 bond forms so that agents don’t need to keep and maintain file drawers full of forms.  SurePath includes a forms viewer that lets you view and print bonds as though they came off a typewriter.  “The quality of the scanned forms provided by SurePath means that our clients, underwriters, and obligees are extremely happy with the quality of the documents that we provide” say Reynolds.

 

Reporting

"SurePath’s extensive reporting features allow us to easily monitor daily, weekly, and monthly business activities.” says Mary Ann Marbury, Executive Vice-President for Atlantic Risk Management. SurePath allows you to retrieve information about bonds that have been executed in many different ways.  You can generate transaction reports showing daily processing activities or bond list reports that list bonds by client, carrier or many other criteria.  Reports can be sent to the printer or opened in Microsoft Excel.  For agencies that have multiple sites, SurePath also provides across the enterprise reporting capabilities.

 

Easy Maintenance

 

SurePath is an internet based solution that only requires the agent to install a web browser.  IVT stores and maintains all data so that Atlantic Risk Management does not need to manage any network servers or other software to use SurePath.  “Not having to maintain and backup software means that we can focus on our business instead of our infrastructure” says Marbury.

Text Box: About InSure Vision Technologies: InSure Vision Technologies is the developer of the SurePath Network, which allows agents, underwriters, principals, and obligees to share surety bond information over the Internet.

                                                                                      

 Text Box: About Arthur J. Gallagher: Arthur J. Gallagher is an international Sales and Marketing company that plans and administers cost-effective, differentiated property/casualty and human resource risk management programs as brokers, consultants and third-party administrators.