ICISA is proud to announce that we have been honored with the 2024 Innovator Award from The Institutes RiskStream Collaborative®. This recognition celebrates our role as a founding member of the SuretyDIGIT Coalition, a groundbreaking initiative driving the digital transformation of the surety bond process.
The SuretyDIGIT Coalition brings together a diverse group of stakeholders, including insurers, brokers, agents, associations, government agencies, and contractors, to collaborate on modernizing and streamlining the bonding process. By embracing innovative technologies, such as blockchain, the coalition is addressing inefficiencies and paving the way for a more secure and efficient surety industry.
A milestone for collaboration and innovation
This award is a testament to the collective effort of our members and industry partners to harness technology for meaningful change. Richard Wulff, ICISA’s Executive Director, expressed his gratitude:
“ICISA is proud to be part of an industry that continues to embrace innovation and technology to enhance its offerings. This award highlights the collective effort of our members to drive positive change in the surety sector. We are committed to increasing collaboration and supporting the development of digital solutions that will benefit both the industry and its clients.”
ICISA shares this recognition with 16 other distinguished founding members of the coalition, including Arch Insurance, Berkley Surety, Chubb, Liberty Mutual, Zurich North America, and The Surety & Fidelity Association of America (SFAA).
Advancing the Surety industry
The Innovator Award reflects our unwavering commitment to fostering collaboration, creativity, and technological advancements within the surety and credit insurance sectors. By participating in initiatives like SuretyDIGIT, ICISA and its members continue to position the industry as a leader in digital transformation, benefiting businesses and clients worldwide.
As we celebrate this achievement, we also look ahead to further opportunities for collaboration and innovation. Together, we will continue to build a stronger, more resilient surety industry for the future.
Learn more about the SuretyDIGIT Coalition and ICISA’s efforts to advance the surety industry through digital transformation at RiskStream.org.
ICISA thanks The Institutes RiskStream Collaborative® for this recognition and congratulates all recipients of the 2024 Innovator Award.