eSignLive Strengthens Insurance Industry Presence with Major Client Win
Top insurance carriers everywhere are recognizing the pressing need to adopt e-signatures. The largest and most experienced provider of electronic signatures, Silanis is a trusted advisor to numerous leading P&C and life insurance clients automating their core business applications. Montreal, QC, January 29, 2008 - Silanis, the leading electronic signature provider, has secured an agreement to provide online electronic signing solutions to a subsidiary of one of North America's largest insurance companies. Under this new agreement, Silanis will build an Internet-based application that will allow small business employees to complete online enrolment applications to the insurance carrier's long-term care division: a new sales channel for the company. This new customer furthers Silanis' influence in the insurance industry. Silanis already counts several top Property & Casualty and life insurers among its clients, two of whom have signed agreements with Silanis in the last six months. "Silanis' solutions are the safest choice for the insurance industry, because they are proven, trusted, and offer the best possible transactional evidence," said Tommy Petrogiannis, president of Silanis Technology. "This implementation will allow our client to offer an unparalleled customer experience, while distinguishing itself as a leader in this space." Cross-channel support was still crucial in this carrier's selection of Silanis, as agents will continue to generate the majority of policies. Silanis e-signatures will benefit these agents by allowing them to approve customer enrolment applications electronically, dramatically simplifying the process for all involved and giving agents more time to provide the best possible customer service. Silanis' zero-client, zero-download core e-signature solution platform, ApproveIt® Web Server, combines electronic signature capabilities with advanced management features to process, capture and store all information that is unique to each transaction and produce the best electronic evidence of who signed what, when, where and how. This key insurance customer will also soon benefit from dramatically reduced turnaround times, eliminated paper and mail delivery costs, strong electronic evidence and the ability to fully leverage existing IT investments. A recent TowerGroup report underscored the multiple benefits of e-signatures, referring to "reports that processing time decreased about 50 percent and transactional costs declined up to 75 percent." (1) 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 two 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.
(1) Electronic Signature and Secure Forms in the Insurance Industry: Taking the P&C Pen to the Web. By Karen Pauli. TowerGroup: October 2007.