Distribution software provider iPipeline will integrate DocuSign's e-signature technology into its e-Policy solution as the result of a strategic partnership between the vendors. According to an iPipeline news release, more than a dozen insurers have contracted to begin using the combined solution, which will launch in beta on July 1.
"iPipeline streamlined the policy delivery process to eliminate errors and automate sales distribution; DocuSign provides a fast, safe and secure e-signing tool to complete the final stretch of the e-Policy process," comments Timothy Wallace, CEO, iPipeline. "Adding DocuSign to our interactive e-Policy Solution offers carriers, distributors and producers a rich, easy-to-use tool that will simplify the workflow process and allow the consumer to easily sign electronically. We view DocuSign eSignature technology as a vehicle for increasing success in a highly-competitive environment and look forward to working with the DocuSign team."
By using iPipeline's Network and e-Policy solution with DocuSign, carriers, distributors and producers can streamline the final leg of the insurance policy sales cycle with a cost-efficient, fast and secure online eSignature process, the iPipeline news release asserts. Via iPipeline's Network, the release claims, carriers can easily access DocuSign's eSignature service, drag and drop familiar yellow "Sign Here" tabs and data fields within the policy, and send it electronically. An email notification is sent through the agent to the consumer announcing that the e-Policy is ready for e-Signature. The consumer is authenticated, adopts an eSignature, e-signs and completes the policy. Once completed, the new policyholder, agent and carrier receive an email notification with a link to the signed executed policy, according to the vendor.
"In this economic environment, employing next-generation technology is the most cost-effective method to grow a business. This partnership leverages the best technology- iPipeline's Network and DocuSign's electronic signature service-to fulfill policies faster, safer and more efficiently," says Steve King, president and CEO, DocuSign. "We look forward to working with iPipeline to further streamline business processes, reduce costs and ensure the continued success of its customers."
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio