Electronic Signatures Featured at the 2009 LOMA Emerging Technology Conference

February 16, 2009

Montreal, QC, February 17 2009 – Silanis Technology, the leader in e-signature process management, announced today its silver sponsorship at the 2009 LOMA Emerging Technology Conference. Electronic signatures are a focus at this year’s conference, featuring a dedicated break-out session presented by Locke Lord Bissell & Liddell LLP and demonstrations by Silanis and IBM in the Hall of Innovation.  The companies will share best practices for achieving straight-through electronic processing of life insurance applications with the help of electronic signatures. 2008 saw a significant rise in the adoption of electronic signature technology by insurance providers, notably in life and property and casualty. The return-on-investment has been significant with regards to cost-savings and risk mitigation:

  • New business transaction times reduced from 52 days to minutes by adding e-signatures to e-applications
  • $10 reduction in the cost per policy
  • Estimated annual savings between $2.5 and $5.0 million
  • 90% adoption of e-signatures online / 60% in call center
  • Stronger evidence captured in the electronic application and signing process

Leading e-commerce law firm, Locke Lord Bissell & Liddell LLP, will present a breakout session during the conference that discusses how to reduce contract disputes and strengthen the enforceability of electronically signed records by automating the enforcement of regulatory requirements and the capture of strong legal evidence. The session entitled “Beyond E-Signatures 101” will be held on Wednesday, February 18 @ 2:00 pm. Subject-matter experts from Silanis will also be present at the conference to answer questions and demonstrate how to achieve straight-through electronic processing, as well as share best practices and lessons learned from real-world customer deployments of electronic signatures in insurance. You can speak with a representative from Silanis in the Hall of Innovation at Booth #37. To reserve a private, one-on-one session with an electronic signature expert from Silanis at the 2009 LOMA Emerging Technology Conference, click here. Silanis and IBM will also host a dinner reception featuring award-winning cuisine, spectacular views and stimulating conversation at the Red Marlin Restaurant on Thursday, February 19 @ 7:00 pm.

About Silanis
Silanis Technology is the leading provider of e-signature process management solutions. The world’s leading insurance and financial services companies, major government agencies, integrators and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company’s electronic signature platform, ApproveIt®, is an enterprise-class e-signature process management solution that transforms paper-based business transactions to all-electronic, web-based processes for e-commerce and e-government