AGI.do

Services

What will AGI do for Surety bonds and related products?

This subclass comprises the sale of surety and related products, in which one party guarantees the performance of a second party vis-à-vis another, thereby establishing a three-party relationship. The three parties are the principal (the party that undertakes the obligation), the surety (the party that guarantees that the obligation will be performed), and the obligee (the party that receives the benefit of the bond if the principal fails to meet the obligation).

The work itself

Grounded Work Profile

Tools

  • Bond Management PlatformserviceBlueprint
  • Underwriting SoftwareserviceBlueprint
  • Rating EngineserviceBlueprint
  • Policy Administration SystemserviceBlueprint
  • Claims Management SystemserviceBlueprint

Outputs

  • Executed Surety BondserviceBlueprint
  • Underwriting FileserviceBlueprint
  • Premium RecordserviceBlueprint

Measured by

  • Bond Issuance TurnaroundserviceBlueprint
  • Claims Settlement TimeserviceBlueprint

Key steps

  • Receive bond applicationserviceBlueprint
  • Underwrite principal creditworthinessserviceBlueprint
  • Price premium and set termsserviceBlueprint
  • Issue and execute the bondserviceBlueprint
  • Administer and renew in forceserviceBlueprint
  • Adjudicate and pay claimsserviceBlueprint

How AGI delivers it

Four ways AGI delivers for Surety bonds and related products

  • Services-as-Software

    Get the professional outcome delivered as software, priced on results, not headcount.

    Services.do

  • Autonomous Agents as digital employees

    Hire a digital employee that does the job under earned, supervised autonomy.

    Agents.do

Value flow

How Surety bonds and related products connects

absorbs

  • Contract Performance Guaranteemodel
  • Contract Risk Guaranteemodel
  • Obligee Risk Managementmodel

composes

measured by

  • Bond Issuance Timemodel
  • Bond Issuance Turnaroundmodel
  • Claims Settlement Timemodel

optimizes

  • Loss Ratiomodel
  • Underwriting Profitmodel
  • Underwriting Turnaroundmodel

produces

  • Bond Exposure Registermodel
  • Executed Bond Instrumentmodel
  • Executed Surety Bondmodel
  • Premium Recordmodel
  • Underwriting Filemodel

realizes

  • Adjudicate and pay claimsmodel
  • Adjudicate and settle valid claimsmodel
  • Administer and renew in forcemodel
  • Issue and execute the bondmodel
  • Monitor exposure over bond termmodel
  • Price premium and set bond termsmodel
  • Price premium and set termsmodel
  • Receive bond applicationmodel
  • Receive bond application from principalmodel
  • Underwrite principal creditworthinessmodel

Go deeper

Explore Surety bonds and related products

Read the deeper take on agi.asView as markdown