Legal & Regulatory Compliance Data on Surety Principles

Background

Do you have access to data on legal histories, regulatory compliance, or dispute information? If so, there’s an opportunity to monetize your data in the surety bond industry. While many data providers may not be familiar with surety bonds, companies in this space are eager to purchase information that helps them assess the legal risks of the principals they underwrite.

Why It’s Valuable

• Improve Risk Assessment: Legal and regulatory compliance data provides a more accurate understanding of the risks associated with underwriting a bond for a principal.

• Make Confident Decisions: Surety companies can make better-informed choices by accessing comprehensive legal and regulatory histories.

• Mitigate Potential Losses: Understanding a principal’s dispute history helps avoid contracts that could lead to legal challenges or disputes.

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.

• Legal History: Past lawsuits, criminal actions, and disputes involving potential surety bond applicants.

• Regulatory Compliance: Records of any fines, sanctions, or violations.

• Dispute History: Data on contract breaches, settlements, or unresolved claims.

• Lawsuit Patterns: Comprehensive views of involvement in legal cases, whether as a plaintiff or defendant.

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).

• Surety Bond Underwriters need this data to forecast risks when underwriting bonds for projects and individuals. For instance, construction surety underwriters must evaluate how local economic conditions or industry slowdowns might affect a contractor’s ability to complete a project.

• Risk Assessment Firms are actively purchasing economic and industry data to help clients make better-informed decisions about bonding.

• Surety Bond Brokers may also leverage this data to guide their clients (principals) and help them understand market conditions that could affect their bond applications.