Today, eSignSystems, a division of Wave Systems, announced that Florida Peninsula Insurance (FPI) will be integrating its signing and management technology. This decision will directly benefit both independent agents and consumer policy holders served by Florida Peninsula, enabling them to remotely review, sign, and administrate policies from any convenient location. FPI will also receive the benefit of full electronic capture and document access, which will streamline compliance with changing insurance regulations and ensure the speediest response when policyholders are filing claims.
FPI has become one of Florida’s largest homeowner insurers since the company was founded in 2005. FPI serves more than 140,000 policyholders, and in a challenging industry and a state that is prone to hurricanes, the company credits its growth and success to a dedicated approach of partnering with independent agents and policyholders. The company is dedicated to meeting the needs of agents and policyholders and investing in its people and technology to continually improve insurance.
The implementation of eSignSystems’ SmartSAFE will enable electronic signatures that are faster, legally binding and securely delivered, which will resultantly reduce costs and processing time for online insurance application submissions, streamline underwriting, and speed up claims processing for consumers. Independent agents will be able to remotely sign and complete insurance policies from the office or a client’s home – thereby maximizing the use of tablets and laptops. Agents will gain improved document integrity and simultaneously reduce repetitive data re-keying and the tedious review of illegible faxes.
“Our partnership with eSignSystems provides excellent technology for our agents and insureds,” said FPI Director of Operations Chris Chandler. “To get a policy, file a claim or make changes to a policy all from the comfort of your home fits well with our pledge to provide fast, fair and friendly service. We continually strive to raise the technology bar, and our network of independent agents appreciate the ease of doing business with Florida Peninsula. With electronic signature, agents will gain additional efficiencies and make doing business with us that much easier.”
FPI’s transition to electronic document signing and management is further strengthened by the company’s policy administration system, which provides full e-document management throughout the life of a policy, including secure transmission and storage of the signed and completed document within easy searching capabilities of FPI’s policy administration system. This enables easy claims access without the need to search a warehouse or independent agent file cabinets, and it also provides a complete audit trail for proof of compliance as well as flexibility to adapt to new regulations in an industry that continues to improve its governance.
For more information, visit www.esignsystems.com
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