|By Mary Ellen Power||
|September 14, 2012 02:57 PM EDT||
Analyst firm Forrester has said that by 2016, more than 126 million tablets and 257 million smartphones will be in use by US consumers, with the majority of electronic signature transactions launched from mobile devices by 2020. With consumer demand for mobile usage and mobile transactions increasing, the North American insurance industry is accelerating its adoption of e-signature technology as the catalyst in delivering straight-through processing for new business processes like policy or disclosure delivery. Even small and mid-sized carriers are taking advantage of this foundational technology to help even the playing field and mitigate the impact of changing regulations while remaining compliant.
To address the e-signature needs of small to mid-sized carriers, Tommy Petrogiannis, CEO and co-founder of Silanis Technology and 20 year e-signature industry veteran, will speak to the widespread adoption of this technology at the upcoming NALC Fall Conference September 21 in Williamsburg, Virginia, outlining how small to mid-sized carriers can take advantage of e-signatures through online signing services or e-policy service providers. In a presentation titled, “E-Signatures: Best Practices for Life Insurance”, Tommy will also discuss the top use cases in life insurance, including:
- New business applications;
- Automating agent appointments and licensing;
- Policy servicing;
- Claims and contracting.
Some of the benefits of e-signatures small and mid-sized carriers will glean from Tommy’s presentation include:
- How e-signatures improve the customer experience;
- How e-signatures minimize deal closing time and costs;
- How e-signatures reduce not-in-good-order rates;
- How e-signatures maintain a secure, compliant and auditable electronic evidence trail.
With analyst firm Gartner predicting that, “Within eight years, nearly every John Hancock on every policy will be scrawled on an electronic pad, signed with a mouse click, or verified with a few spoken or text-messaged words”, small to mid-sized insurance carriers will benefit immensely from attending Tommy’s presentation – those who wish to take advantage of this opportunity may register at http://www.nalc.net/conference/registration.htm.
Silanis is the most widely used e-signature solution in the world, responsible for processing more than 600 million documents annually. Founded in 1992, Silanis’ solutions e-Sign Enterprise™ and e-SignLive™ enable thousands of organizations, including four of the top 10 North American banks, eight of the top 15 insurance companies and the entire US Army to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis provides the most flexible deployment options with its on-premise, cloud and SaaS e-signature solutions, eliminating manual, paper-based processing and enabling e-commerce and e-government transactions to be electronically executed from start to finish.