Electronic Delivery and Signature Solution Helps Insurers Transmit Confidential and Time-Sensitive Information and Documents
Wolters Kluwer Financial Services announced today that it has expanded its SDX Secure Document Exchange, a fully integrated electronic delivery and signature solution for financial services organizations, to the U.S. insurance market.
SDX is already a leading eDelivery and fulfillment platform in the mortgage industry, currently facilitating delivery of one out of every five mortgage disclosures in the U.S. With its expansion into the insurance market, it can now provide insurers of all sizes with the same simple and secure way to electronically transmit confidential and time-sensitive information and documents over the Internet, eliminating paper, printing and shipping fees in the process. This includes applications, policy delivery, renewals, mandatory notices, invoices, prospectus and life disclosure documents. SDX can also be used for internal communications that require a high level of security, including those with human resources or agents and brokers, as well as communications with state regulators.
SDX also provides the ability to configure secure two-way communication between the sender and recipient, meeting the regulatory requirements of the Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA), while offering a complete, real-time audit trail and tracking capabilities for each transaction.
A Cloud-based solution, SDX can be easily integrated with existing systems to help eliminate the risk of incomplete, incorrect or misplaced documents, and risks associated with non-secure communication models like email or fax.
“Insurers are responsible for managing enormous amounts of confidential information, which can be an overwhelming task,” said Pam Ewing, general manager of Insurance Compliance Solutions at Wolters Kluwer Financial Services. “As more consumers request electronic documents instead of paper, SDX provides insurers with a competitive advantage in the market, while also helping address compliance concerns.”