Surety Today: Investigating a Contractor’s Character with N-Surety’s Underwriting and Analytics Capability
The three pillars of surety underwriting are character, capital, and capacity. These “3 Cs” have been the basis for evaluating bond creditworthiness for decades, and they remain so today. The manner that underwriters evaluate the principal’s capital and capacity for work has become more sophisticated as new technological tools are developed. Technology has been a positive influence in these areas, but how do we evaluate the intangible nuances of character in today’s electronically driven environment?