There are unlimited ways insurance agents and those that work in the insurance industry can implement eSignatures. It can greatly improve turnaround time, and decrease the amount of time agents spend on preparing documents. Efficiency is vital, and eSignatures can automate the workflow for all parties.
“A reasonably well designed electronic signature process, supported by the right technology, can actually reduce overall risk compared to paper processes.” – ACORD
ACORD set standards for eSignatures in the insurance industry- see below how Foxit eSign aka eSign Genie meets those standards.
“For any eDelivery process, Electronic Records containing sensitive personal information should not be sent via email, whether in the email text or as an attachment. Instead, emails should be sent with links to a secure site, which invite the consumer(s) to access the secure website to retrieve such Electronic Records, which the audit trail captures.”
Foxit eSign aka eSign Genie secures all documents on a securely encrypted site, and when you send a document to be signed, it sends an email with a link- allowing them to login and sign the document. This verifies and authenticates the 3rd party and keeps all documents secure.
“Consider requesting the consumer’s consent to accept all materials that may be provided via electronic delivery.”
After a document has been signed, the 3rd party must consent to the use of electronic signatures before it can be submitted- ensuring that all documents meet UETA standards. Read more about the insurance industries standards for eSignatures here.