ACORD E-Signature Guide expected to drive adoption of new business e-submissions across insurance industry

May 9, 2012
Montreal, QC, May 10, 2012 – With the unveiling of the ACORD electronic signature guide happening at this year’s ACORD LOMA Information Systems conference, it’s a marked sign that e-signatures have become essential to enabling the electronic submission of new business applications across the multi-layer distribution network in insurance. Recognizing the convenience, security and legality of e-signatures, the ACORD LOMA guide defines a standard way to interpret e-signature laws throughout the insurance industry and provides information to help organizations choose an e-signature provider. Ultimately, the guide will make it easier for carriers, Broker General Agents and individual agents to drive new business in the field. As a 20-year leader in electronic signature solutions, Silanis Technology is an active member of the ACORD e-signature workgroup and will be at Booth #302 at the conference to comment on the new guide. With e-signatures available to all players in the distribution channel, Silanis will demonstrate common insurance mobile use cases for carriers and agents, including e-signatures on an iPad, click-to-sign using voice attribution and remote click-to-sign. The company’s strong investment in mobile solutions specifically helps carriers and agents streamline new business processes and improve customer service with electronic signatures. Silanis’ partner Aplifi will demonstrate e-signatures for policy delivery and for annuities’ new business process from Booth #408.

“There are multiple ways a carrier can equip agents with electronic signatures and with the proliferation of mobile technology, using e-signatures is the simplest and fastest way for agents to bring new business on board,” says President and CEO of Silanis Technology Tommy Petrogiannis. “e-Signing on an iPad, for example, allows independent agents to mimic the current paper process and as a result achieve greater adoption of e-submissions,” continues Petrogiannnis.

E-Signatures are the linchpin technology to enabling straight-through processing, and the insurance industry can benefit immensely from understanding the implications of this technology within their varying lines of business. As such, e-signatures will be the focus of a one-day e-signature summit for the insurance industry , bringing together leading experts and carriers to address the business, legal and IT issues for consideration when selecting an enterprise e-signature solution. Sponsored by IBM and Silanis, this free event will address the changing landscape in the insurance industry, explore case studies, legal reviews, use case demonstrations and offer a panel discussion on the adoption of e-signatures within the independent agency distribution channel.

Top technology and service providers to the insurance community, including 21st Century, ANICO Direct, Country Financial and Aplifi, have already chosen  Silanis’ e-Sign Enterprise™ as their preferred e-signature solution.

About Silanis

Silanis is the most widely used e-signature solution in the world, responsible for processing over 600 million documents annually. Since the company was founded in 1992, our solutions have strengthened the business processes of thousands of organizations, including four of the top North American banks, eight of the top 15 insurance companies and the entire US Army, among others. Companies and government organizations around the globe depend on Silanis to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis’ on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based processing and enable e-commerce and e-government transactions to be electronically executed from start to finish.