​​The Surety Blueprint ​Table of Contents

​​Although the information collected on Surety account applications is largely consistent across the industry, organizations rely on different data forms. There is no standardized schema, and list field values lack uniformity. In most cases, data is exchanged via email and then manually rekeyed into other systems.

A standardized account application form, unified data schema, and consistent source for list values—designed to seamlessly integrate and transmit Account application data in and out of both pre-qualification vendors and Surety automation systems.

​​In most cases, financial statements and work in process reports are exchanged via email and then arduously rekeyed into other systems.  Although a widely utilized, standard schema exists named extensible Business Reporting Language (XBRL) to transmit this data, it has not been adopted by the Surety industry.  

A streamlined XBRL taxonomy properly mapped for Surety. Enhanced functionality within construction accounting systems enabling Financial Statements and Work in Process (WIP) reports to be easily transformed and instantly transmitted.  Reliance on manual entry, OCR and AI to interpret unstructured formats like email, PDFs, and spreadsheets is eliminated.

Consolidated, high-quality data that empowers Artificial Intelligence to assist and/or automate Surety decision-making, deliver superior service, increased speed and throughput, significantly reduce operating costs, and minimize risk.

SuretyScience Patent Pending Risk and Decisioning Data Products Under Development

​Leverage modern technologies and proven methods to optimize digital engagement, identify high-value prospects, and accurately measure campaign performance across channels.  Electronically deliver leads for pre-qualification and/or direct into a Surety system.

SuretyScience Patent Pending Surety Leads Generation and Distribution Product in the Planning Stage

SuretyScience is leading an initiative define best practices and a standard taxonomy for Surety rating.

​​Most Surety bonds must be executed with a wet signature and an embossed seal to be legally binding. Additionally, bonds are required to be printed on specific forms mandated by the Obligees. There are thousands of these forms in use, and they are frequently updated.  As a result, the bond execution process remains highly manual, time consuming, and many cannot be issued instantaneously.

Bonds issued electronically, authenticated through secure e-signatures, and/or instantly transmitted to Obligees without manual intervention. This eliminates the need for physical documents, wet signatures, and embossed seals, streamlining the entire bonding process. 

Furthermore, the retirement of Obligee-specific bond forms replaced by standardized digital formats that ensure compliance, eliminate complexity, and reduce fraud.

Sureties have documents such as indemnity agreements signed electronically.  But standard e‑signatures are generally insufficient for executing surety bonds, as most courts require signatures that meet surety‑specific authentication and validation standards. However, bonds executed through authorized surety e‑signature providers do satisfy these legal requirements. 

SuretyScience delivers the Uniform Surety Data products needed to enable seamless integration with these specialized vendors, ensuring compliant, consistent, and fully digital bond execution.

​​All parties must contact Sureties directly to verify a bond and/or obtain status information.

Anyone can enter a bond number into a standardized online Surety bond verification page, available across participating websites, and be instantly routed to the issuing Surety’s site, where real‑time bond status, key details, and verification results are presented.

​​Agents without binding authority face significant inefficiencies. They must log into multiple interfaces and often rekey bond information into several systems.  Additionally, they purchase and maintain Surety specific agency management software.  These gaps lead to higher agency costs and introduce InfoSec risks, as Surety operations involve storing highly sensitive data.

SuretyScience Patent Pending Product in the Planning Stage

​​Agencies are burdened with duplicative, labor‑intensive data entry into billing and accounting platforms.

SuretyScience Patent Pending Product in the Planning Stage

Years of Continued Discussions; Little to No Progress

Although momentum has increased in recent years, overall adoption remains slow.

No Proliferation