What Bond-Pro does

Bond-Pro, Inc. is a privately held, US-based enterprise software vendor specializing exclusively in surety bond automation for the insurance industry. Founded in the early 1990s and headquartered in Tampa, Florida, the company has operated with a sole focus on surety technology for more than 30 years, investing millions of development hours into a comprehensive platform that covers the full bond lifecycle — underwriting, issuance, account and job management, claims, scoring and decisioning, and portfolio exposure management. The platform is delivered through two primary editions: Carrier Edition (for insurance companies and Managing General Underwriters) and Agency Edition (for insurance brokers and agents), with cloud-hosted SaaS deployment and a published Carrier Edition API surface for third-party integration.

Underlying technology is organized around configurable business rules, role-specific workbenches, event-driven alerts (email/SMS), and account/job rollups that consolidate principals, work-in-progress, and financials. The recently introduced AI-Native Surety Underwriting Platform layers agentic AI and multi-LLM architectures on top of this core, targeting intelligent automation of financial statement and WIP intake, predictive risk modeling, fraud detection, and AI-assisted user experiences. Bond Expedite, launched in April 2024, adds a self-service, zero-touch bond purchasing workflow for principals; Bond Expedite and the core platform are integrated with Surety2000 (US) and Xenex (Canada), the leading surety-specific e-signature and authentication rails.

Bond-Pro monetizes primarily through quote-based enterprise software subscriptions (annual/quarterly/monthly billing on an anniversary basis) plus professional services for implementation, training, and ongoing support. Pricing is not publicly disclosed. Distribution is predominantly direct enterprise field sales to carriers, MGUs, and agencies, supplemented by channel partnerships with e-signature/authentication providers (reaching hundreds of additional agencies and bond producers) and a self-service channel for principals via Bond Expedite. The company is founder-controlled (Fred Duguay, Founder and CEO), has no public listing, no disclosed institutional funding, and operates with a 37-person team. Geographic reach is anchored in North America (US and Canada) with a global installed base of carriers and agencies.

Name

Bond-Pro

Legal name

Bond-Pro, Inc.

Website

https://bond-pro.ai

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Bond-Pro is a Tampa-based, founder-controlled software vendor that has spent 30+ years building an AI-Native surety bond automation platform for insurance carriers, MGUs, agencies, and principals, monetizing it through enterprise subscriptions and professional services.

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Enterprise Software Licenses and Subscriptions: Bond-Pro licenses its Surety automation platform (Carrier Edition, Agency Edition, SaaS Cloud) to insurance carriers, MGUs, and agencies. Pricing is subscription-based, billed annually or monthly, with charges due each anniversary month, quarter or year following service establishment.
2. Professional Services: Bond-Pro offers expert professional services designed to meet diverse client needs, including implementation, training, and ongoing support.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Bond-Pro develops and licenses an AI-Native enterprise software suite that automates the entire lifecycle of commercial, bid, and contract surety bonds for insurance carriers, MGUs, agencies, and brokers. The portfolio includes the Carrier Edition platform (with Add-Ons and APIs), the Agency Edition, a SaaS Cloud deployment option, the AI-Native Surety Underwriting Platform, and Bond Expedite for self-service bond purchasing by principals.

Product overview

Bond-Pro offers a unified enterprise software suite for the surety industry, comprising the Carrier Edition platform (core underwriting and issuance system for insurers and MGUs) with associated Add-Ons and APIs, plus the Agency Edition for brokers and agents. The product portfolio includes cloud-hosted SaaS deployment, the Bond Expedite™ feature for streamlined bond purchasing, and an AI-Native Underwriting Platform. Key features span total lifecycle management, workflow automation, scoring and decision making, account management, and alerts/notifications. The platform serves carriers, reinsurers, agencies, obligees, and principals across the surety bond lifecycle. Bond-Pro has focused for over 30 years on surety technology with millions in development investment.

Differentiator

Problem solved

Functional benefit

Brands

• Carrier Edition: Comprehensive Surety Underwriting and Issuance System for Insurers and MGUs
• Carrier Edition Add-Ons
• Carrier Edition APIs
• Agency Edition
• SaaS Cloud
• Surety Innovation Labs
• Bond Expedite

Products and services

• Carrier Edition Comprehensive surety underwriting and issuance system for insurance companies and Master General Underwriters (MGUs). Provides end-to-end management of account and bond underwriting, scoring, rating, and decision making with workflow automation, alerts, and user-specific workbenches.
• Agency Edition

Quantifiable outcome

• Automates intake of financial statements and WIPs that previously required hours of manual data entry, reconciliation, and cleanup.
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability8 records

Feature9 records

Partnerships

Two partnerships are on record, tiered core.

• Surety2000coreTechnology or Integration · 9 April 2024Surety2000 is the leading Surety bond electronic signature and authentication technology platform in the United States. Bond-Pro partnered with Surety2000 to achieve a uniform, single-point integration enabling clients to issue bonds electronically within the Bond-Pro Surety Underwriting and Management system. With over 70 insurers, 500 obligees, 1000+ agents, and thousands of contractors, Surety2000 is the most widely utilized Surety e-Filing platform in the US, providing patented web-based electronic bond document integrity, secure access, and enforceability — addressing the unique requirements of surety bonds that generic e-signature vendors cannot meet.
• Xenex Enterprises Inc. (Xenex)coreTechnology or Integration · 9 April 2024Xenex Enterprises is the leading Surety bond electronic signature and authentication technology provider in Canada. Bond-Pro partnered with Xenex to enable complete automation of Surety bond processing for Canadian clients. Xenex's proprietary digital protection and detection technology achieves the threshold criteria required for electronic bonds in Canada — where bonds are defined as deeds requiring to be signed, sealed, and delivered in original copy. Xenex's platform assures integrity of content, secure/restricted access, and verifiability/enforceability.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• SuranceBay: SuranceBay provides surety bond automation software for insurance carriers and producers, directly competing with Bond-Pro in the surety underwriting and bond processing niche. Both firms target the same surety lifecycle workflow with carrier- and agency-facing modules.
• Insurity: Insurity provides P&C insurance software including policy administration, billing, and underwriting for carriers and MGAs. It overlaps with Bond-Pro in delivering workflow automation and decision support to insurance underwriters, including in commercial and specialty lines.
• Vertafore: Vertafore is a leading provider of insurance agency management and carrier software across P&C and surety lines. It competes with Bond-Pro for the same agency and carrier customers needing bond processing, account management, and underwriting workflow automation.
• Majesco: Majesco offers cloud-native P&C and specialty insurance software (Policy, Billing, Claims, Underwriting) for carriers and MGAs. Its underwriting and decision-support capabilities overlap with the workflows that Bond-Pro's Carrier Edition and AI-Native Platform target.
• Applied Systems: Applied Systems provides agency management software used by insurance brokers and agencies, including for commercial and surety bond workflows. Its Epic and Applied Epic platforms serve the same mid-market agency buyers that Bond-Pro's Agency Edition targets.
• EZLynx (Applied Systems): EZLynx provides insurance quoting, rating, and agency management software used by thousands of agencies. It competes for the same mid-market agency customers and overlaps with Bond-Pro's Bond Expedite-style instant-quote workflows for commercial and surety bonds.
• Duck Creek Technologies: Duck Creek provides a core insurance suite (Policy, Billing, Claims) used by P&C carriers — Bond-Pro actively participates in Duck Creek Formation as a channel for its Carrier Edition. They are adjacent rather than head-to-head, but both bid into the same carrier IT budget.

Broad incumbents

• Guidewire Software: Guidewire is the dominant core insurance platform for P&C carriers globally, offering underwriting, policy, billing, and claims modules. As a broad incumbent it competes with Bond-Pro for carrier IT spend and could expand into surety-specific functionality that overlaps with Bond-Pro's Carrier Edition.
• Sapiens International: Sapiens provides a broad insurance digital platform (Policy, Billing, Claims, Decisioning) used by global P&C and specialty insurers. As a broad incumbent it competes with Bond-Pro for carrier-level IT spend and could expand surety-specific decisioning capabilities.

Regional players

• Prima Solutions: Prima Solutions provides insurance software for P&C, life, and specialty carriers primarily across Europe. It is comparable to Bond-Pro in delivering underwriting and policy administration for specialty lines including surety-like products, though focused on the European market rather than US/Canada.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BondProAi
• Facebookfacebook.com/BondProAi
• LinkedInlinkedin.com/company/bondproai
• Instagraminstagram.com/bondproai

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bond-Pro