“Getting insurance documents for both policy endorsements and renewals is a breeze with eSignatures from HelloSign.”
eSignatures Are Changing the Insurance Industry
Technology trends like mobility, automation in underwriting and eSignatures are transforming the Insurance industry and affecting everyone from large carriers to small independent agencies. Those who adapt to these changes and leverage technology to stay relevant will capture the lion’s share of business moving forward.
eSignatures: A Proven Technology That’s Easy To Set Up
eSignatures are seeing rapid adoption from carriers, agents, producers and solution providers in order to enable fully electronic, straight-through processing (STP) for new business applications. Insurance lags behind other industries such as banking and healthcare that have been using eSignatures for critical business functions for over a decade. Best of all, setup only takes seconds and you could be accepting eSignatures in just a few minutes.
The Many Benefits of eSignature
Some of the benefits for Property and Casualty and Life insurers who adopt eSignatures include a
in not-in-good-order (NIGO) rates, trimming days off of cycle times, improved retention with better
customer experience and much more.
Reduce cycle times to grow revenue
Boost productivity and reduce costs
No more incomplete forms and reduce NIGO errors
Cut Costs and deliver convenience to clients, brokers and agents
Speed Up The Claims Process
Legal, Compliant, and Enforceable
The legality of eSignatures in insurance was established in 2000 with the federal e-sign law and is further supported by state UETA laws. Since then the courts have upheld the validity of eSignatures including in cases relating to insurance. Two examples are Barwick v. Geico and Long v. Time Insurance Company. HelloSign ensures the integrity of your documents with the industry standard audit trail technology. This ensures documents have not been altered in any way during the signing process.
Sensitive Documents Are Kept Secure
Insurance policies, disclosure documents, claim paperwork and other insurance related documents often contain highly sensitive and personal data. HelloSign offers bank level security to keep your data secure, including SSL encryption and world-class server infrastructure hosted at a state-of-the-art Tier III, SSAE-16 certified data center with ISO 27001 certification.
Property & Casualty
Thousands of P&C insurance companies including carriers and agencies leverage the power of eSignatures and you can too.
Stand out in the complex distribution chain of life carriers, captive and independent agents, direct marketers, and service providers.
Property & Casualty
In the highly commoditized Property and Casualty Insurance market, every competitive advantage matters.
The life insurance distribution chain is a complex mix of carriers, captive, and independent agents, direct marketers, service providers and more.