Shopping for the Right SaaS Platform for Surety Business

This document is a guide focused on selecting an appropriate SaaS platform for businesses in the Surety industry. It outlines the competitive landscape, emphasizing the importance of a reliable core system capable of issuing bonds and integrating with payment systems. The guide details the challenges faced by customers during implementation, including complex data migrations and the need for unique workflows. It highlights the projected growth of the global Surety market, which is expected to increase from $37 billion in 2024 to $52 billion by 2030, and stresses the necessity for automation in underwriting and bond servicing. The document also presents key features to consider when evaluating SaaS platforms, such as speed, scalability, and flexibility. Additionally, it mentions the importance of financial investment in product development and the competitive advantages of established relationships with brokers and agents in the industry.