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Author: BondExchange
Why Surety Companies Ask For Social Security Numbers
You probably have insureds that ask “Why do I need to provide my social security number on an insurance application?” BondExchange shares why surety companies ask for social security numbers.
What Does “Instant Issue” Really Mean?
In late 2001, humanity was eagerly awaiting the unveiling of a technology so trailblazing that it would change the world forever. Apple co-founder Steve Jobs asserted that future cities would…
AI and the Future of the Independent Agent
What would you say is the most prominent theme throughout human history? Most people argue that conflict or culture defines humanity. Still, when we examine the entirety of human existence,…
Agent’s Guide to NMLS Surety Bond Filing
The Nationwide Multistate Licensing System (NMLS) is a platform used by many states as a licensing portal for mortgage and related financial services licenses. As an insurance agent, your financial…
An Agent’s Guide to Increasing Customer Retention
From the moment they become licensed, insurance agents are conditioned to believe that their success is entirely dependent on their ability to attract new customers. The pressure to sell can…
How Will Remote Online Notarization Affect Surety Bond Demand?
Until 11 years ago, every notarization had to be conducted with both the signee and notary being physically present in the same room. In 2011, Virginia passed SB 827 and…
How Technology is Transforming the Insurance Industry
Technological advancements have drastically changed how insurance agents conduct business. Industry veterans recall how they served as the end all be all of their customers’ insurance experience. Very rarely did…
How to Combat the Perception of Insurance as a Commodity
Consumers are most inclined to purchase products from platforms that save them money and are simple to use. Insurtech platforms seek to take advantage of this by leveraging technological savviness…
