As insurance companies are accelerating their pace towards digital transformation, they are prioritizing eSignature as an integral step to maximize operational efficiency and improve customer experience. In today’s fast-evolving and highly competitive insurance business, hassling the customers for paper signatures may not only put your revenues at stake but also affect the bottom line.
eSignatures can help automate the document workflow – reducing cumbersome paperwork, speeding up the process, and minimizing costs. Using this cutting-edge technology, insurance companies can capture the signature of their customers electronically and immediately. Customers can sign word document, emails, etc. digitally and send the same back to the insurance company to complete the application process.
This prevents the customers from wasting their time in downloading, scanning, printing, and mailing back signed documents. It will take just a few minutes to prepare and complete the paperwork from anywhere and anytime. However, there are several eSignature solutions available today. In most cases, they ensure improved efficiency, cost savings, and convenience. However, not all solutions are equally designed.
There may be significant differences in the features, pricing and functionality. So, if you are looking for a reliable eSign software solution for your insurance company, then here are a few important things to consider.
Will it integrate with your internal systems?
Find eSignature solutions that are commonly used in the insurance sector. But make sure they can integrate seamlessly with your company’s internal systems, offering a user-friendly and streamlined workflow. It should provide the flexibility to support your growing needs.
At the same time, it should ensure flexibility in terms of:
- Multiple deployment options
- Multiple security options and authentication methods
- Global support
- Multiple pricing plans
- Ability to sign across different devices such as desktop computers, laptops, mobile devices, etc.
Does the eSign solution require a long deployment period and training?
Today, insurance companies are struggling hard to address the challenges of cumbersome paperwork and client dissatisfaction. In this scenario, it is worth choosing a digital signature solution that ensures quick deployment and ease of use.
A good eSignature solution does not take more than a few minutes to get deployed. Additionally, it will be user-friendly with no complex training required.
A digital signature solution that is fast and more efficient
Choose an eSign software solution that is faster, more efficient, automates workflow, and accelerates insurance processing. Ensure there is no rush to get agreements signed and re-signed by the customers. Everything can be sent digitally, while the parties can receive the agreements, review the same, seek clarifications, and share the same with your company after signing.
What type of security is included?
To meet the high-security needs of an insurance company, all communications sent and received via the eSignature system must be fully encrypted by 256-bit SSL security. Another key security feature you should look for is password protection. The eSign solution should protect your documents and account via passwords, while also ensuring password protection through encryption.
Conclusion: Do Comprehensive Research!
Integrating an eSignature solution into your insurance company can help simplify business operations, deliver improved customer service, save time, and reduce costs. But make sure you research thoroughly, check reviews, and consider pricing to make an informed decision.