Insurance ADVOCATE
January 21, 2002
ORLANDO, Fla., January 15 -- Focus!... on Innovation, Inc. (Innovation) has announced the release of a new software application called e-SURETY™ Contract, which automates the process of underwriting, issuing, and servicing contract surety bonds.
Innovation CEO, Daniel T. Buckles, explained that the application would be similar to how the company's e-SURETY™ Commercial software streamlines the commercial surety bonding process.
After being awarded the contract to automate Allmerica Financial's commercial surety division with its software, Innovation saw the need for similar solutions in contract bonding.
"If our experiences with e-SURETY™ Commercial are any indication, we expect this new product to allow large agencies and carriers to drastically improve their bottom line and increase profit by completely simplifying the contract surety process," said Buckles.
He added that e-SURETY™ Contract's application, payment, underwriting, and issuance or rejection of the bond could be completely entirely via the Web.
For more information on e-SURETY™ Contract or e-SURETY™ Commercial, go to http://www.e-SURETY.net.