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Automation of the Guarantee and Deposit Processes

E-Cautio, a Luxembourg-based InsurTech company and provider of Platform-as-a-Service (PaaS) solutions, announced its new partnership with SCHUMANN.

In the future, E-Cautio will use the CAM Surety software from SCHUMANN, the technology provider in the areas of credit and guarantee insurance. With CAM Surety, a SaaS solution, E-Cautio enables small and medium-sized companies to remain competitive by digitizing the entire process of guarantees and deposits and to offer guarantee insurance as a SaaS solution.

By automating the entire process of warranties and sureties such as performance guarantees or completion guarantees, small and medium-sized enterprises in Luxembourg and the rest of Europe accelerate their digital transformation. “They significantly improve the quality and efficiency of their operations, while at the same time reducing the risk of human error. In addition, the digital process includes customer onboarding, KYC, risk analysis, customer and claims management”, says a press release of SCHUMANN.

The new strategic partnership combines the CAM Surety software from SCHUMANN with the market expertise of E-Cautio. Small and medium-sized businesses – from MGAs (Managing General Agents) to insurance brokers to insurance companies and banks can be equipped with efficient, state-of-the-art technology tools. In a sector that demands ever more operational agility and efficiency, companies are supported to be innovative and to grow.

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