Viking Bond Service Attends Annual National Association of Surety Bond Producers (NASBP) Meeting

(Viking Bond Service’s Tom Buckner featured on the far right)

The Viking Bond Service team recently attended the annual National Association of Surety Bond Producers (NASBP) meeting and expo from April 29 through May 2 in Scottsdale, Arizona. The theme of this year’s conference was “Building on a Solid Foundation,” and the event focused on taking a look at where the industry is and where it is going.

The team got an in-depth look into public-private partnerships (P3s) which are becoming mainstream in the United States. This new model of delivery for surety professionals is evolving quickly, and Viking Bond Service is well-equipped to help our clients understand exactly how this model of project delivery works and how the market is growing and changing.

The team also got the latest updates about the pros and cons of the surety underwriting process, with insights into managing the strategic and business risks that any company in the construction industry faces every day. The Viking Bond Service professionals in attendance explored how to effectively manage risk and maximize profit with Captive Insurance Programs, and how they affect the surety underwriting process.

We also gained the latest updates from the world of information security as they pertain to surety bonds. An information security consultant who assesses the security position of organizations by simulating the work of black hat hackers outlined a recent project for the team. The consultant described how he was able to gain complete access to all secure information by hacking into a construction company—and what kinds of security controls can stop this kind of breach in the future and help security professionals detect attacks before it’s too late.

NASBP has served as the go-to professional resource for surety bond professionals since 1942. The NASBP offers cutting-edge professional education, ethical guidance, and networking opportunities for surety bond professionals, and helps to ensure that the highest standards are maintained in the industry. Viking Bond Service works hard to guard our reputation as trusted advisors, and we see our high level of involvement in the professional community as a critical component to maintaining that reputation.

The Viking Bond Service team of surety bond professionals is dedicated to staying active and involved in the professional surety bond community. Our time at the NASBP 2018 meeting opened up many new avenues of information for us and strengthened our ability to advocate on behalf of you, our clients. We look forward to implementing the latest knowledge from the surety industry on your behalf. To learn more, please call us at 888-278-7389 or visit us online.