April 30, 2012

Hartford, Conn.-based Travelers has opened the Travelers Click portal, an expansion of its bond and financial products technology platform. The portal is designed to streamline and simplify surety bonds purchase and issuance for agents and brokers.

Users can access a bond forms library and rate calculators, and also find agency underwriting authority by bond type. The portal is designed to be easily navigable. Information added to is automatically saved to avoid re-entry.

Read about Capitol Insurance's implementation of OneShield for surety administration.

“The feedback from our agencies was very clear: make this process easier and faster,” says George Thompson, SVP, Commercial Surety, Travelers Bond & Financial Products, for Travelers. “Most of the users we’ve worked with are issuing bonds through this platform in about four minutes, which they tell us is approximately 5 to 10 minutes faster than current systems they use.”

ABOUT THE AUTHOR
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, ...