P&V Group Integrates OneSpan Sign E-Signatures to Digitally Transform Insurance Processes
CHICAGO and BRUSSELS – September 12, 2018 – OneSpan Inc., a global leader in software for trusted identities, e-signatures and transactions, today announced that P&V Group, the fifth largest insurer in Belgium, has deployed OneSpan Sign across its personal insurance lines of business, including auto and life, as part of a business-wide digital transformation initiative to improve processes and the customer experience.
P&V Group’s implementation of OneSpan Sign e-signatures enhances operational efficiency and the customer experience by reducing the time it takes for agents and brokers to sign all insurance documents and contracts during in-person visits. The technology also improves compliance by capturing the full signing process using OneSpan Sign’s patented visual audit trail and by helping P&V Group meet the compliance requirements of the EU’s Electronic Identification, Authentication and Trust Services for Electronic Transactions (eIDAS) regulation.
OneSpan Sign enables P&V Group to use both Advanced E-Signatures and Qualified E-Signatures, within the eIDAS regulation, depending on the nature of the transaction. To further strengthen the integrity of the electronic signature and transaction, a qualified time stamping service is available through OneSpan Sign’s integration with Trust Service Provider (TSP), LuxTrust.
P&V Group deployed OneSpan Sign as a software-as-a-service (SaaS) application hosted in a single-tenant public cloud in Europe to get up and running quickly and ensure future scalability across additional lines of business.
“Efficiency, speed and a great customer experience are key requirements in the fast-moving, competitive insurance market,” said P&V Group’s Project Manager for Identity and Access Management & E-Signature, Rogier Dickmann. “We selected OneSpan for its approach to business, which is a real partnership, as well as their insurance industry expertise and best practices to help us complete our larger strategic initiative.”
“There is no single technology driving digital transformation, it’s about the convergence of multiple technologies and scalable solutions,” said OneSpan’s Vice President of Global Sales, Dan Dica. “Implementing best of breed e-signature solutions like OneSpan Sign is a foundational first step because it enables digital transformation initiatives, meets regulatory compliance and improves customer experience.”
OneSpan enables financial institutions and other 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. We believe that this is the foundation of enhanced business enablement and growth. More than 10,000 customers, including over half of the top 100 global banks, rely on OneSpan solutions to protect their most important relationships and business processes. From digital onboarding to fraud mitigation to workflow management, OneSpan’s unified, open platform reduces costs, accelerates customer acquisition, and increases customer satisfaction. Learn more about OneSpan at OneSpan.com and on Twitter, LinkedIn and Facebook.
About P&V Group
P&V Group is a Belgian insurance company with a multi-brand and multi-channel sales policy, which has been working as a cooperative group for more than 100 years. The group wants to distinguish themselves as a committed, loyal and close partner for its customers, distribution partners and stakeholders. More than 1500 employees guarantee highly professional services.
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Director of Global Corporate Communications