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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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.
Make The Fly-In A Priority
- Attend the joint legislative fly-in to educate congressional staff and build relationships.
- Ryan Work urges repeated engagement so policymakers understand surety's role in jobs and infrastructure.
Patchwork Federal Bonding Practices
- Federal agencies lack uniform bonding policies and responsible contacts vary widely.
- Ryan Work warns this patchwork complicates advocacy and consistent bonding application.