Guy Carpenter has released a new briefing: With the Right Tools, Sureties Can Navigate Tough Economic Cycles.
Surety underwriting can be especially challenging during recessions and recovery periods. Data from the recent recession and others in the past offers insights into how surety writers can continue to achieve profitable growth into the future.
Guy Carpenter’s analysis shows that recessionary periods between 2001 and 2021 have had an impact on the surety marketplace and led to underwriting innovations. Our briefing includes an overview of the impact on surety results and underwriting changes in each of the recessionary periods studied. Learning from these cycles, surety companies can better manage risk and take advantage of opportunities, even when economic conditions are uncertain.
The new briefing spotlights how sophisticated modeling tools, such as Guy Carpenter’s proprietary SureSight analytics, can help surety companies underwrite effectively, manage portfolio risks, tailor appropriate reinsurance solutions, and guide growth strategies while enhancing profitability.