MALVERN, PA — The SuretyDIGIT Coalition has announced the addition of the American Subcontractors Association (ASA) to its expanding lineup of industry partners. This marks a significant step in the coalition’s mission to modernize and digitize surety bond operations, bringing together over 40 organizations in a concerted effort to transform the industry through digital innovation.
The coalition unites a diverse array of stakeholders, including insurance carriers, brokers, agents, solution providers, government agencies, obligees, associations, and contractors. By joining SuretyDIGIT, ASA aims to enhance the operational efficiency and effectiveness of its members in the construction industry. Richard Bright, CEO of the American Subcontractors Association, emphasized the alignment with the coalition’s goals: “Joining SuretyDIGIT aligns perfectly with ASA’s mission to improve the business environment for subcontractors and suppliers in the construction industry. Digital innovation in the surety bond process not only improves efficiency but also ensures that our members can operate more effectively, reducing costs and delays for all parties involved. We are excited to be part of this transformative initiative.”
ASA’s involvement strengthens SuretyDIGIT’s vision of a more efficient, secure, and cost-effective surety bond process. The coalition focuses on several key areas, including digital signatures, electronic delivery and authentication of bonds, and enhanced security and transparency.
Robert Coon, Vice President of Surety at Scott Insurance and First Vice President of the National Association of Surety Bond Producers, highlighted the significance of ASA’s participation: “Having ASA join the coalition strengthens our initiative and ensures the perspective of its members is addressed as we move toward digital bonds. Their engagement, alongside that of over 40 other organizations, underscores the growing industry support for digitization as we work toward a more secure, cost-effective, and future-focused surety bond process.”
As the SuretyDIGIT Coalition continues to gain momentum, the inclusion of ASA marks a pivotal moment in the ongoing effort to digitize and streamline surety bond operations, promising substantial benefits for all stakeholders involved in the process.
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