Online Digital Signature Solutions for Insurance industry

Introduction

Insurance companies are looking out for ways to reduce their paperwork and shift to paperless mode for improved efficiency, easy document management, reduced time for processing transactions, security and confidentiality of data. They are providing the facility of electronic transactions to their customers as a value added service. E-lock Digital Signature solutions help these companies in their pursuit to shift to complete paperless mode and secure and authenticate the data at the same time. Laws in many countries now aim at promoting electronic and digital signatures as essential security measures for e-commerce and e-communication. The E-Lock Digital Signature solutions are compliant with the worldwide e-signature legislation.

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Regulations and compliance

The E-Lock Digital Signature solutions are compliant with US


	ESIGN Act (Electronic Signature in Global and National Commerce Act)
	UETA (Uniform Electronic Commerce Act)
	EU law (EU Directive for Electronic Signatures)
	SOX (Sarbanes-Oxley Act)

As per these laws the documents signed using digital signatures are as valid as the paper based ones.

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E-Lock solution offering for the Insurance sector

E-Lock's legally enforceable digital signature and encryption solutions are used to reduce the Insurance application processing time, providing the secure customer service. Drastic cost cutting on the paper and improvement in the closed sales of insurance policies are the assured results of implementing E-Lock solutions.

E-Lock digital signing solutions can be customized according to the needs of the different Insurance organisations for the desired output. By understanding your business needs better, we can provide you the exact solution. If you would like to tell us more about your business objectives, or know how the E-Lock signing and encryption solutions can be applied to suit your needs.

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Implementation and Benefits

E-Lock offers the modular approach for implementing the digital signature and encryption solutions. This approach enables easy integration in the existing applications such as document management, workflow management, authentication and storage of data like the insurance records, payment details etc. making them secure, authentic, compliant and cost effective.

The Insurance companies can immensely benefit from shifting to electronic format:


	Reduced processing cycle time
	Reduced operational costs (costs related to paper printing, filing, faxing etc)
	Easy electronic data management.
	Security and confidentiality for documents / data
	Compliance with worldwide e-signature legislation