Ebix’s Digital Platform for New Business in Surety Insurance enables a fully paperless online sales process — including credit analysis and risk underwriting at the front end.
The year 2023 marked a milestone for the surety insurance market, which reached a record premium volume of BRL 4.3 billion, representing 24% growth compared to the previous year. The demand for products in this line — covering judicial processes, contracts, bids, and advance payments — continues to rise, driven by infrastructure investments, Brazil’s New Growth Acceleration Program (PAC), and the ongoing wave of reindustrialization.
Exponential Growth of Surety Insurance Powered by Digital Platforms
Judicial surety bond contracts alone have grown by over 20% per year since 2021, as they present a more efficient and cost-effective alternative to bank guarantees. For companies, this form of collateral is more attractive since it does not immobilize capital, unlike traditional financial guarantees. Surety insurance supports a wide range of industries and business models across the economy.
This favorable scenario is largely due to the advancement of technology in the sector, particularly through solutions like Ebix’s Surety Digital Platform, which not only modernize the contracting process but also expand access to these products. By adopting this platform, insurers and brokers can meet growing demand more efficiently, offering tailored solutions aligned with each client’s needs.
Digital Transformation Simplifying Surety Insurance Operations
Operating in this sector used to be far more complex. Today, thanks to digital transformation, insurers and brokers have access to tools that streamline operations, simplify product creation, and accelerate distribution.
Ebix’s Surety Digital Platform: Redefining the Industry Through Technology
This transformation is only possible through the application of cutting-edge technology to develop new products that simplify workflows for market participants. The Ebix Digital Platform for New Business in Surety Insurance brings intelligence to the borrower’s credit analysis, revolutionizing the way insurers and brokers operate.
These innovations not only simplify the sales process but also enhance the customer experience — from quotation to policy issuance. By leveraging specialized platforms like Ebix’s, insurers and brokers can go beyond keeping up with market growth — they can deliver faster, safer, and more efficient services, creating a clear competitive advantage.
Key Benefits for Insurers
Ebix’s Surety Digital Platform provides insurers with advanced tools for risk underwriting, governance setup, and business rule configuration, including credit analysis and hierarchies of economic groups. This allows insurers to strengthen their distribution channels and deliver products directly from their back-office legacy systems to their partners.
With this robustness, insurers optimize their risk management processes, ensuring more accurate underwriting and better risk profile assessment. Moreover, seamless integration with legacy systems allows for continuous, uninterrupted operations, maintaining efficiency and competitiveness in the fast-paced surety market.
Key Advantages for Insurance Brokers
For brokers, the platform enables 100% digital quotation and policy issuance, providing speed and simplicity.
“Brokers can now work directly with any of the 15 insurers already integrated into the solution, comparing and selecting the best products for their clients,” says Thaisa Braguim, Vice President of Sales at Ebix.
This integration not only broadens brokers’ product portfolios but also significantly reduces client response time — a crucial factor for competitiveness in an increasingly fast-paced market. With easier access to multiple insurers through the Ebix platform, brokers can focus on what truly matters: customer service and satisfaction.
Driving Product Innovation
The Ebix platform stands out for its robust and highly configurable architecture.
“It enables insurers to create new products in record time, with end-to-end intelligence, providing instant quotes in just minutes. For brokers, it connects leading insurers in one place — becoming a true business accelerator with measurable results in a very short period,” highlights Emellyn Argenton, Head of Surety at Ebix.
This agility in product creation positions insurers at the forefront of innovation, empowering them to adapt quickly to market changes and respond to emerging customer needs — a defining trait of market leaders.
The Power of Ebix’s Exchange Technology
Exchange technology — specialized platforms for secure data exchange among market players — is part of Ebix’s DNA. Combining technological excellence with deep insurance expertise, Ebix maintains close collaboration with insurers across the market, whether connected via APIs or not.
“The platform was designed with every client need in mind. Some brokers even grant direct access to their end customers, so it must be simple, fast, and intuitive,” explains Emellyn Argenton.
This constant connection with insurers and use of advanced technology ensure that Ebix remains ahead of the curve, delivering solutions that are both technically sophisticated and perfectly aligned with market demands.
More Than a Sales Platform: A Comprehensive Management Tool
The Ebix Digital Platform for Surety Insurance is not just a sales interface — it encompasses complete process and business management workflows, helping insurers and brokers scale their operations while maintaining full control and governance.
About Ebix Latin America: The Leading Insurtech in the Insurance Market
Learn more: www.ebixlatinamerica.com.br
Ebix Latin America is a global insurtech specializing in developing innovative technology solutions for insurers and brokers. As a recognized leader in insurance technology, the company offers the most comprehensive stack of digital solutions, ensuring efficiency, automation, and integration across all business areas of the global insurance industry.
With approximately 400 employees and offices in São Paulo, Rio de Janeiro, and Curitiba, Ebix serves the entire Latin American region and stands as the largest company exclusively focused on insurance technology in Brazil.
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