Items tagged with "Surety"

Newsletter for the Business Reporting Standard

September/October, 2017 Regulatory & Legislative News SEC Proposes XBRL Requirement for Corporate Financial Statement Cover Pages SEC Updates Interactive Data Test Suite with IFRS Test Cases SEC Updates Interactive Data Test Suite to Accommodate Files Prior to EDGAR Submission XBRL US News XBRL US and SunSpec Alliance Hold Orange Button Public Review SFAA and NASBP […more]


The Hartford

A member of our Financial Services community since August, 2016.

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.


NASBP and SFAA Launch the Surety Standards Toolkit to Improve Underwriting Efficiency

The National Association of Surety Bond Producers (NASBP) and The Surety & Fidelity Association of America (SFAA), together announced the launch of the Surety Standards Toolkit, to help surety carriers implement standards that improve accuracy, timeliness, and efficiency of data collection in the surety underwriting process.


Improve Underwriting Efficiency – Learn How to Use the Surety Standards Toolkit

3:00 PM EDT Tuesday, September 19, 2017
XBRL US Webinar
Watch/listen to replay

The Work-in-Process (WIP) report and other financials can be delivered in useable form directly from contractor to surety eliminating manual rekeying of data, improving timeliness and access to credit for contractors. Financial data standards can automate the process. Join this webinar to view demonstrations for creating and consuming XBRL-formatted WIP reports.


August 2017 Newsletter

August 2017   Regulatory & Legislative News IASB Published Proposed Changes to IFRS Taxonomy for Public Review SEC Publishes Public Company Datasets, Now Including Notes SEC Posts Further Guidance on Signage in XBRL Tagging XBRL US News XBRL Investor Forum: Smart Data, Better Results, Set for November 1, New York City Data Quality Committee (DQC) […more]


June 2017 Newsletter

June 2017   Regulatory & Legislative News FASB Publishes Invitation to Comment on Effectiveness of US GAAP Financial Reporting Taxonomy SEC Extends Deadline for Comment Letters on Industry Guide 3 (Statistical Disclosure by Bank Holding Companies) XBRL US News XBRL Achievements Program Helps Identify XBRL Skillsets New Case Study Published: How Little Companies Get Big, […more]


Financial Data Standards Successful at Automating Data Collection in Surety Underwriting

Standards have been used to successfully automate the collection of data for surety underwriting which historically has been a highly manual process. XBRL was used to enable the consistent and accurate consumption of financial data from contractors into a surety’s financial database, helping to streamline contractor access to credit and increase underwriting efficiency.


Streamline Data Collection in Surety Underwriting

The clock is ticking toward modernization as sureties embrace the Work in Process Taxonomy to save thousands of hours of data entry, while improving their own analysis and giving contractors faster access to credit.


Surety Standards Toolkit

The clock is ticking toward modernization as sureties embrace the Work in Process Taxonomy to save thousands of hours of data entry, while improving their own analysis and giving contractors faster access to credit.


Automating Work-in-Process (WIP), Improving Contractor Access to Credit

Marcum LLP successfully created a computer-readable WIP report to help contractor clients provide financial performance data to surety carriers that can be automatically extracted with no rekeying of data. Marcum created the report by performing a one-time mapping using a spreadsheet add-in that converted the WIP data into XBRL format. XBRL is an open data […more]