Electronic Signature Solution Increases Efficiency and Improves Contract Process
ORLANDO, FLA. — (February 7, 2011) — AssureSign LLC today announced that its Electronic Signature Software has been selected as the electronic signature solution for Aioi Nissay Dowa Insurance Company of America, a property & casualty insurance company.
Aioi Nissay Dowa Insurance Company of America is a subsidiary of Aioi Nissay Dowa Insurance Company Limited, one of Japan’s major non-life insurance companies that maintains a strong business relationship with Toyota Motor Corporation and Nippon Life Insurance Company. This relationship network helps the company develop insurance products and services tailored to both Toyota and Nippon Life’s evolving consumer demands. The Company’s global network provides diversified insurance services and consists of subsidiaries and branches in key cities in North America, Europe, Asia and Australia and offices of allied local insurers around the world. Aioi Nissay Dowa Insurance Company of America is the U.S. affiliate, providing property casualty insurance products including personal auto, home, and umbrella. Aioi Nissay Dowa Insurance Company of America currently offers these personal products through its Youtopia™ division in four Mid-West states within the United States.
AssureSign’s Web-services enable Aioi Nissay Dowa Insurance Company of America to embed electronic signatures into their policy administration application for seamless integration into their existing business process. Customer applications are routed to the insured’s email for signature, and the signed document triggers policy creation and delivery to underwriting.
This integrated solution enables Aioi Nissay Dowa Insurance Company of America to generate documents and send out for signature with just one click, resulting in shorter revenue cycles and a greatly accelerated sales process, enhancing the customer acquisition and renewal process by increasing revenue and improving profitability while cutting costs.
Since the entire AssureSign Electronic Signature process is tracked digitally, users have a complete forensic audit trail of the delivery and signing process. This enables users to know exactly when documents are received, when they are signed, and who has or has not signed them, providing users with complete control over the signing process. With the implementation of AssureSign, Aioi Nissay Dowa Insurance Company of America can follow the signing process from start to finish and receive notification the moment that signing is complete.
“We anticipate the use of AssureSign Web-based electronic signatures will greatly enhance the customer acquisition process,” said Masaru Umezu President and CEO, Aioi Nissay Dowa Insurance Company of America. “In addition to streamlining the sales process for us and our agents, AssureSign will significantly reduce our costs associated with faxing and mailing documents.”
“The true benefits of AssureSign electronic signature applications are recognized when they are deeply integrated with existing business applications, such as Aioi Nissay Dowa’s web-based policy system,” said David W. Brinkman, president and chief executive officer of AssureSign LLC. “This integration allows for document creators to automatically create documents from within existing applications, triggering front- and back-end workflow, so the entire process saves the organization both time and money.”
About AssureSign LLC
AssureSign LLC is a leading provider of web-based and on-premise electronic signature software, enabling users to obtain both written and verbal authorizations. AssureSign provides the most integrated and feature-rich APIs available and features a unique, patent-pending technology allowing for the execution of any document with forensically identifiable, biometric signatures or typed ‘certified’ signatures. AssureSign is a highly secure and flexible “cloud computing” application, and the only e-signature provider with a four year track record of providing customers with 99.99% uptime in a multi-site data center with SAS 70 Type II certification extending to all aspects of the enterprise. Using the standards-based DocumentNOW® and DocumentTRAK™ integration tools, AssureSign can easily integrate with existing business processes within any enterprise, regardless of size. AssureSign’s experience extends over 11 years and comprises more than 100 million unique signature events. AssureSign customers consistently experience dramatic cost savings, as well as significant reduction in the time to execute documents. For more information visit assuresign.wpengine.com or follow AssureSign on Twitter at www.twitter.com/assuresign.
YouTopia™ is headquartered in Schaumburg, Illinois and is a division of Aioi Nissay Dowa Insurance Company of America, the U.S. affiliate of the established global insurance company, Aioi Nissay Dowa Insurance Company, Limited. Aioi Nissay Dowa Insurance Company of America is rated*: A by A.M. Best, Financial Strength Rating: A (Excellent), Issuer Credit Ratings: Long term A+.
*Refers only to the overall financial status of Aioi Nissay Dowa Insurance Company of America and should not be construed as an indication of specific policy provisions, rates or practices.
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