Market & Industry Conditions Data

Background

If your company collects data on market conditions or industry-specific trends, there’s an opportunity to monetize this data in the surety bond industry. Surety bond underwriters are increasingly relying on insights about the broader economic environment and sector-specific conditions to evaluate external factors that may impact the performance of the principals they are backing. As demand for this data grows, data providers have a unique chance to fill this need and generate additional revenue.

Why It’s Valuable

• Risk Mitigation: Market and industry conditions data provides critical insights that help underwriters anticipate risks, such as project delays, cost overruns, or financial stress, which might arise due to economic downturns or industry shifts.

• Informed Underwriting Decisions: By analyzing both macroeconomic trends and industry-specific conditions, surety bond companies can better assess whether a principal is likely to fulfill their bond obligations.

• Proactive Decision-Making: Surety companies can use this data to adapt their underwriting policies to the changing economic landscape, allowing them to price bonds more accurately and mitigate 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.

• Economic Environment Data: Metrics like GDP growth, inflation, interest rates, and employment trends. Surety companies need to know how macroeconomic shifts might affect the financial stability of a principal.

• Industry-Specific Trends: Data on market dynamics, demand patterns, regulatory changes, and sector disruptions. Surety companies look at industry trends to assess how specific sectors, such as construction or transportation, may face risks that affect project outcomes.

• Geopolitical & Regional Factors: Surety bond underwriters also seek insights into regional conditions or geopolitical events, such as trade disputes, political instability, or supply chain issues that could impact a principal’s ability to meet their obligations.

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.