Financial Health Data for Surety Principals

Background

For insurance companies engaged in risk assessment, understanding the financial health of surety principals is critical. Data on credit history, financial statements, net worth, and liquidity ratios provides essential insights into the financial stability and reliability of individuals or businesses seeking surety bonds. Insurance companies rely on this information to make informed decisions about bond underwriting and risk exposure.

Why It’s Valuable

• Accurate Risk Modeling: Financial health data is essential for developing risk models that determine the likelihood of a principal defaulting on their surety bond.

• Informed Underwriting Decisions: Credit history, liquidity ratios, and net worth data allow insurers to make well-rounded decisions on whether to issue bonds and at what cost.

• Loss Prevention: By understanding a principal's financial stability, insurers can reduce the risk of defaults and protect themselves against potential losses.

Requested Data

The specific data types, insights, and signals requested by the buyer. As a data vendor, you only need to supply the raw data for one or more. You can use Tiki to create and deliver the requested insights and signals from your raw data.

• Credit History: A complete view of past borrowing behaviors, repayment histories, and creditworthiness, allowing insurers to assess a principal’s ability to manage debt.

• Financial Statements: Income statements, balance sheets, and cash flow statements offer insights into the ongoing financial performance of a principal.

• Net Worth: Data on the total assets minus liabilities of the principal, giving insurers a snapshot of overall financial strength.

• Liquidity Ratios: Key metrics such as the current ratio and quick ratio that indicate a principal's ability to meet short-term obligations, ensuring their financial health and reliability.

Buyer Interest

The types of data buyers who have expressed interest to Tiki and their respective use cases for this data. If you have the data required for this request, Tiki will introduce you to the buyer(s).

• Insurance Companies: Specifically, firms involved in underwriting surety bonds are looking for this financial data to assess the risk associated with backing a principal.

• Risk Assessment Firms: These companies use detailed financial data to offer more accurate risk profiles and advice to insurers underwriting surety bonds.