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eBook — Industry View

Standardization in Surety and in Trade Credit Insurance - what is holding us back?

Tinubu Square - Standardization in Surety and in Trade Credit Insurance - what is holding us back?

Weak adoption of standards so far

When it comes to the topic of data standards, organizations in the trade credit insurance and surety bonding industry are in agreement – standards are important, and their value cannot be underestimated.

 

So why is it that they are woefully and widely ignored?

“The standards proposed reduce data processing time for a single report from 30-60 minutes to about three seconds.”

Nicole Dechiaro aVP,
Business Development,
Crum & Forster

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