Ontario Insurance Brokers to Benefit from New Partnership Between OneSpan and IBAO

January 13, 2015

(MONTREAL, TORONTO) – January 13, 2014 – The Insurance Brokers Association of Ontario (IBAO) and OneSpan are pleased to announce an affinity partnership to offer OneSpan Sign e-signatures to IBAO members. With this partnership, brokers will benefit from tailored pricing for an electronic signature solution chosen to address the unique needs of insurance brokers in Ontario.

IBAO represents more than 12,000 insurance brokers across 600 brokerage offices in Ontario. Its decision to evaluate and choose an exclusive e-signature partner was in response to a desire among brokers to offer insurance customers a more convenient way to purchase and bind insurance policies. “Our partnership with OneSpan is a secure step in the right direction for our industry when it comes to supporting brokers in servicing clients in today’s electronic environment,” said Traci Boland, Vice President at IBAO and broker from Ontario West Insurance Brokers. “The IBAO’s mission is to lead the adoption of innovative solutions, such as e-signatures, and plans to work with OneSpan to ensure that the technology is integrated into a broker’s workflow. We look forward to collaborating with our industry stakeholders on this initiative.”

The partnership comes on the heels of the e-signature Dashboard, published by the Centre for Study of Insurance Operations (CSIO) on August 6, 2014. CSIO is Canada’s industry association of property and casualty insurers, brokers and software providers. They are committed to improving the efficiency and competitive position of the broker distribution channel by overseeing development, implementation and maintenance of technology standards and solutions. Catherine Smola, President and Chief Executive Officer for the Centre for Study of Insurance Operations (CSIO) said, “I am very pleased that the IBAO has adopted a product that is aligned with our commissioned advisory report which discusses the legal and regulatory landscape governing e-signatures in Canada.”

“IBAO is providing real value to its members by partnering with OneSpan,” said Tommy Petrogiannis, co-founder of OneSpan's e-signature product OneSpan Sign. “They are offering peace of mind to their members by choosing a solution that addresses the security, ease-of-use and data privacy concerns common among insurance brokers.” Find out more at https://secure.onespan.com/IBAO-OneSpan_IBAO-OneSpan-LP.html

About the Insurance Brokers Association of Ontario The Insurance Brokers Association of Ontario (IBAO) is a ‘not for profit’ association that represents and serves the interests of over 12,000 independent Property & Casualty Insurance Brokers in the Province of Ontario. For information about IBAO, visit www.ibao.org or www.ibao.org/blog to receive timely news and information updates. You can also follow IBAO on Twitter or join the IBAO Facebook Fan Page.

About OneSpan OneSpan enables organizations to succeed by making bold advances in their digital transformation. We do this by establishing trust in people’s identities, the devices they use, and the transactions that shape their lives. More than 10,000 customers, including over half of the top 100 global banks, rely on OneSpan. Our best-in-class e-signature solution, OneSpan Sign, is used by some of the world’s most trusted banks, insurers and government agencies. From simple, internal and B2B signing workflows to more complex B2C transactions, OneSpan helps reduce costs, accelerate customer acquisition, and increase customer satisfaction.