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Esignature,
secure and efficient
digital XML software solutions.
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A Esignature
customer needs to sign electronically only one time. After the agent
uploads the data, the policy is produced and then mailed. "The record
time-from the moment a customer signs the documents to the time a policy
is produced is 59 minutes," they states. "Prior to the test-pilot
procedures, cycle time averaged six days and some cases took up to 30
days. With e-signature, the cycle time has been reduced to one to two
days," he adds. The project required the services of 12 home office
personnel, who worked on the Esignature program part time over a
12-month period.
Esignature,
new secure XML articles and latest efficient legal electronic
solutions.
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Esignature "This has been a major
initiative for us, and it has required a lot of people to get into a lot
of new areas," says president and CEO, Company. The initiative "required
the application of new technology, but I couldn't be more delighted with
the success we've had to date. It's a credit to everyone who's been
involved in the project. My vision is to have a fully automated field
force the next three-to-five years," Esignature spokesman adds.
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Esignature,
The e-application required
a change in Bankers internal IT architecture in order to accept a data
file and have it populate forms to produce policies in its mainframes.
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"In the Old World, the
Esignature policy would arrive in the mail and data entry personnel
would key it in. We no longer do that so we needed the IT capability to
accept a file and directly populate the mainframe file," they explains.
To accomplish that, they uses the ACORD XML standard for life insurance
and SEEC Studio software that enables company legacy system to easily
accept the new data. In addition, the system's new IT architecture will
enable Bankers to comply with the upcoming HIPAA privacy regulations.
"We can blank out certain information so an underwriter will only see
what he or she needs to see. When working with paper documents, it's
hard to do that," explains Esignature. "This way private medical
information won't be floating around mailrooms."
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