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Analyzing and Improving Surety Bond Underwriting Efficiency Using System Dynamics

The surety bond industry plays a vital role in construction and development and as it grows, the need for efficiency increases in order to maximize profits. Many surety firms have developed streamlined formulas for measuring numerical data however, despite the highly interpersonal nature of surety, the qualitative evaluation aspects of prospective clients remains inefficient. This study utilizes System Dynamics models to demonstrate a format that can easily be applied to the surety underwriting process to better and more effectively evaluate client character, ultimately leading to an increase in profits and productivity.

Identiferoai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:scripps_theses-2122
Date01 January 2018
CreatorsMellberg, Savannah
PublisherScholarship @ Claremont
Source SetsClaremont Colleges
Detected LanguageEnglish
Typetext
Formatapplication/pdf
SourceScripps Senior Theses
Rights© 2017 Savannah R. Mellberg, default

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