eSignLive Presents Streamlining Straight-Through Processing for Life and Property & Casualty Insurance Business Transactions with Electronic Signatures
- Acceleration and streamlining of the transaction processing process is projected to eliminate $10 off a new business transaction. A top ten Property & Casualty Insurer is projecting to save between $2.5 and $5 million annually in transaction processing costs through the adoption of electronic signatures across all distribution channels.
- Call center representatives can shorten transaction processing time and close business in minutes over the phone by providing documents to customers via the Web within 20 seconds of a customer’s agreement to purchase.
- The typical 45 day wait by customers to receive all completed forms before taking action on the policy has been reduced to a mere ten minutes thanks to straight through processing with electronic signatures.
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.