Insurance
With e-signing your sales will improve because deals will actually get signed when they’re hot!
Paper-based processes within the insurance industry such as issuing certificates and signing applications can be eliminated by using xyzmo SIGNificant's secure signing technology. By sealing certificates electronically and signing agreements via mobile POS, a huge cost reduction can be achieved. Simultaneously, document security is increased and fraud is reduced.
A Gartner study (Oct. 2008 from Kimberly Harris-Ferrante) showed that:
- Insurers can deploy e-signatures to better support their e-commerce projects, reduce mailing costs and improve the authentication of online shoppers at their web sites.
- E-signatures are an important element of the e-commerce strategy. Insurers will need to deploy e-signatures to streamline the online sales process and reduce the time required to bind online policies.
- E-signatures can be used to slash operational costs, including mailing, document generation and document management.
- E-signature technology can be leveraged across all channels - including agents and the call center - to better facilitate sales transactions.
- Benefits of using xyzmo’s technology:
- Reduction in costs and labor,
- Reduction in fraudulent activities,
- Expedient routing of electronic documentation throughout the back office process,
- Compliance with applicable e-signature legislation.
Replace pen-and-ink signing with something familiar
The challenge for digital signature solutions, particularly in customer-facing environments, is to replace pen-and-ink signing with something that provides the same sense of gravity and security as traditional wet signatures. Capturing handwritten signatures is the natural replacement, which everyone understands immediately, and it allows signers to feel more comfortable with the process and provides a sense that digital signing is a serious event.
Features of the xyzmo Enterprise Platform:
- Handwritten Signature Capturing:
- Forensically Identifiable – Our captured electronic signature is much more than just an electronic image. We record the handwritten signature of a person using parameters of pressure, acceleration, speed and rhythm. These parameters are unique to every individual and cannot be easily reproduced by a forger. Once a signature including all the biometric parameters has been embedded into a document it is turned into a signed and sealed PDF.
- Completely Signature Pad Independent – Our solution is a device-independent solution, meaning it enables the use of a broad range of signature capturing devices from various manufacturers. As some companies require basic signature pads, while others require more advanced devices, a signature pad independent solution offers the necessary flexibility and leads to improved satisfaction rates due to the fact that each customer integrating this solution can choose the signature pad that fits their needs most.
- Support for Smartphones and Tablets - xyzmo is also supporting smartphones and tablets based on Android and Apple iOS technology. This enables customers to use these devices instead of, or in combination with, signature pads, with all the advantages of the xyzmo platform, including the signature comparison.
- Biometric Comparison of Signatures – xyzmo’s top-notch version of the SIGNificant Biometric Server features a new generation of signature comparison capabilities, enabling the performance of real-time biometric verification of a person’s signature to the SIGNificant platform by comparing the recorded parameters of their handwritten signatures against their pre-enrolled profile. Therefore documents are only processed if their signatures were authenticated.
- Using Electronic Signatures for Web Transactions – SIGNificant Click2Sign for web-based e-transactions offers various ways to identify a signatory over the web; from a simple “I agree” checkbox to a sophisticated challenge/ response protocol using different channels (SMS, e-mail etc.).