BondExchange Launches the First InsurTech Solution for Surety Bonds

New surety technology allows agents to reduce time spent on applications and premium collection

CHARLOTTE, N.C.--()--BondExchange, a wholesale surety broker, launches a major upgrade to https://www.bondexchange.com, a platform for insurance agents to process over 10,000 surety bonds for their customers.

The new system was designed based on daily feedback from the thousands of agents that regularly use BondExchange, providing invaluable insight into the specific pain points of traditional online forms. This led to an entirely new angle on systems design that focuses the user on one question at a time, thoughtfully moving the agent through the application utilizing AI to save time by dynamically asking the next logical and relevant question.

“Agents have favored BondExchange for years due to the consistent eagerness of experienced underwriters to get on the phone and walk them through the process, intuitively asking the right questions to ensure the agent efficiently satisfies their clients’ bond requirements,” said David Gonsalves, President of BondExchange. “Our culture of high-touch customer service was the inspiration for our new online experience. Agents love it because the interface provides focus and plenty of 'space' to ensure they understand exactly what is needed without any unnecessary questions. A traditional online form can't match that level of customization and efficiency.”

In addition to a fast, intuitive new application and purchase process, agents now have the option to let their customers electronically sign the application, select their quote and payment terms, pay by credit card and receive bond documents instantly.

“This upgrade is the manifestation of our dedication to agents and creating tools that make them more profitable and efficient,” said Gonsalves. “We launched BondExchange.com in January 2017 and despite immediate positive reviews, within a month began a complete rethink of how our agent clients interact with our systems. Our operations have rapidly evolved as the lines between technology, underwriting and customer service continue to blur. We now have underwriters working side by side with coders as full time colleagues, whereas in years past IT was a one-off project.”

About BondExchange

Based in Charlotte, North Carolina, BondExchange is the leading national wholesale surety broker serving the bonding needs of insurance agents for over 40 years. Licensed in all 50 states and appointed with 30+ surety companies, BondExchange provides a “one­stop­shop” for agents to efficiently quote and issue bonds online, ensuring a fast turnaround and the best pricing for their customers.

Website: https://bondexchange.com

Twitter: https://twitter.com/bond_exchange

LinkedIn: https://linkedin.com/company/the-bond-exchange-inc

Facebook: https://www.facebook.com/bondexchange/

Contacts

BondExchange
David Gonsalves, 800-438-1162
media@bondexchange.com

Contacts

BondExchange
David Gonsalves, 800-438-1162
media@bondexchange.com