NAVA Technology Showcase to Feature eSignLive Electronic Signatures for Variable Annuities Straight-Through Processing
Montreal, QC, September 8, 2008 - Silanis Technology, the leader in electronic signatures, announced today it has been invited to present to the National Association of Variable Annuities (NAVA) on Tuesday September 9, 2008 at 2 pm EST. Michael Laurie, vice president and co-founder of Silanis and member of the Standards and Procedures for Electronic Records and Signatures (SPeRS) drafting committee, will provide insight into e-signature requirements for variable annuities straight-through processing. The NAVA standards provide clear guidance on the criteria for implementing electronic signatures for annuity applications. Even with these guidelines in place, however, there remains latitude in how carriers and distributors address important e-signature functionality such as, method of signing; user authentication; records management and electronic evidence. Decision-making is further compounded when insurers and distributors are faced with a variety and choice of electronic signature solutions and vendors. It can be a daunting task to identify the solution and vendor that best meets an organization’s unique requirements, time-to-market, legal and compliance position, in addition to providing total cost of ownership and the ability to scale. The web seminar will feature an overview by Mr. Laurie of the NAVA STP, including top requirements to consider when evaluating and selecting an electronic signature solution, and guidance on how to address these requirements based on the best practices learned from real-world implementations within the insurance industry. Finally, Mr. Laurie will be joined by Silanis senior business architect, Yazan Alwaid, who will conduct a demonstration of Silanis' ApproveIt® E-Signature Platform for variable annuity applications. With several of the top P&C & Life insurance carriers among its clients, Silanis has developed extensive expertise in making straight-through processing a reality in the insurance industry. In 2008 alone, more than one million insurance transactions will be e-signed using Silanis e-Signature solutions across all product lines and distribution channels. As IBM's chosen electronic signature partner, Silanis will be featured in IBM’s NAVA STP showcase. For more information on this event, please visit http://www.navanet.org. About Silanis Founded in 1992, Silanis Technology Inc. is the largest and most experienced provider of electronic signature solutions. More than 1,400 government and commercial organizations, representing 2 million users, depend on Silanis’ solutions to accelerate operations, improve service and reduce costs. The company’s solutions not only eliminate the inefficiencies of paper, they provide reliable and auditable business records needed to demonstrate compliance with applicable laws, standards, regulations and policies.