Let's Get Surety #146 Industry Trends and Insights With SFAA's Ryan Work
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Oct 14, 2025 Ryan Work, President and CEO of the Surety & Fidelity Association of America, shares crucial insights about the surety industry. He discusses the significant rise in private bonding and the unexpected drop in loss ratios for Q2 2025. Ryan highlights SFAA's proactive approach to talent development and the essential role of data in advocacy efforts. He also touches on federal legislative priorities and the challenges of inconsistent bonding practices. With an eye on future trends, he offers cautious optimism about the path forward in a changing market.
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Three Pillars Driving SFAA Strategy
- SFAA focuses on three pillars: talent, data, and technology to strengthen the surety industry.
- Ryan Work says combining these improves risk management, trend analysis, and member opportunities.
SFAA's Data-First Role
- SFAA is a statistical organization that collects member data to evaluate industry trends.
- Ryan Work notes they expanded the data team to leverage more insights for members.
Bring Local Data To Hill Meetings
- Use data in advocacy by producing state-specific impact sheets for policymakers.
- Ryan Work recommends leaving tailored numbers so staffers can discuss local savings with constituents.