Insurance was once a highly traditional industry, backed by antiquated processes that had been around for decades. It took a pandemic to get insurers to fast-track their digital transformation efforts – and now, the shift is in full swing.
Today, disruptive tech solutions are being rapidly adopted by insurance players to enable business continuity, make stakeholders feel secure, and increase operational agility.
To hop on this transformation, one of the first steps your business needs to take is to digitize your manual paperwork – and cloud-based eSignature solutions are your best bet.
Whether you are an insurance broker, carrier, or customer, adopting eSignatures is a simple way to streamline the signing process. Taking your documentation online allows you to collect approvals from anyone, at any time, from anywhere in the world.
And by taking so many limitations off the table, you’ll be able to close contracts much more quickly and improve employee productivity.
What’s more, you can count on electronic signatures to make your document workflows more:
Want to learn more? This article dives into the many reasons why insurance companies should invest in an eSignature software in 2022.
Whether it’s claims forms or new customer applications, insurance paperwork can be a pain in the neck. After all, there is nothing fun about printing, filling, scanning, and couriering complex documents back and forth.
Sure, you can’t completely eliminate paperwork, since it’s a must for legal and regulatory compliance. However, even reducing the time spent on it by a little can be a huge load off for customers.
By digitizing manual purchase and claim documentation workflows, customers can sign off on insurance policies whenever, no matter where they are – in minutes.
Apart from being a time-saving solution, eSignatures make your customer’s lives easier by offering:
An eSignature solution eliminates all physical touchpoints by taking the signing workflow online, eliminating the need for documents to change hands in-person.
To avoid errors and missed fields, some eSignature solutions offer guided signing workflows. This feature walks signers through a document to ensure that they fill out all the important fields before finalizing it.
In addition to all of these benefits, electronic signatures reduce your carbon footprint by doing away with physical paper and courier services. As environmental issues become more important to consumers, this feature will add to the allure of your insurance company.
Ever since countries first began issuing stay-at-home orders, employees, insurance agents, and intermediaries have struggled to get physical paperwork approved, which inevitably leads to delays in the underwriting and clearance cycle.
To avoid drops in productivity, an eSignature solution can ensure that:
With an online signature solution, your document processing is extremely scalable. No matter how many documents you need to process, your insurance business can do so without hiring any additional admin staff.
Electronic signatures are a hugely popular admin tool – but not all solutions are created equal.
If you’re in the market for eSignature software, Signeasy is a simple, intuitive platform that’s designed to make paperwork a total no-brainer.
Featuring a refreshingly simple interface, we offer insurers and their customers a seamless signing experience on both desktop and mobile, no matter where they are in the world.
Since our platform is incredibly easy to set up and has virtually no learning curve, user adoption is a breeze, even for less tech-savvy collaborators.
Here’s what makes Signeasy a top eSignature solution for insurance companies:
Are you an insurance professional or company who wants to improve the customer, staff, and stakeholder experience?
An eSignature solution can bridge the gap, giving you the ability to process claims and new application files quickly and automatically.
If you’re going to make the switch, be sure to do it right: choose a platform that allows for mobile signing and greater flexibility – like Signeasy.
Our simple software is also very affordable, with plans starting at just $8 per month.
If you want to try before you buy, click here to start your free 14-day Signeasy trial!