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Andesa, Silanis Partner Offer E-Signatures for New Business

Staff Writer | March 11, 2014

Andesa Services and Silanis Technology announce a partnership to add Silanis’ e-SignLive service to Andesa’s Integrated New Business Portal. Adding e-signatures to the cloud-based e-application creates straight-through processing of new business for life insurance and annuity carriers and producers.

This cloud-based offering will help life insurance agents and brokers process new business applications in real time, rather than waiting several days or weeks for completed paperwork to arrive from the customer. The integration of e-signatures will keep the new business process 100 percent electronic, eliminating the need for the application to fall back to a manual, error-prone signing process. Enforced data validation and workflow rules ensure all signatures and data are captured forcing in-good-order (IGO) applications, greatly reducing risk to the carrier.

With correct data captured in the application and automatically passed through, the underwriting process is also expedited, compressing the overall new business cycle for the carrier. And, by offering this service in the cloud, distributors are able to get up and running on the service quickly and improve their ability to ensure great customer service.

“We are changing the way life insurance is bought and sold,” says Vince Collier, Andesa’s executive vice president for distribution services. “Distributors get a much faster way to close business and carriers gain the efficiencies of a correctly completed new business insurance application. Both benefit from offering a modern on-boarding experience for a new customer.”

“We feel this partnership of two secure cloud solutions brings efficiencies to life insurance, making it easier for distributors to sell,” says Silanis Technology CEO and co-founder Tommy Petrogiannis.

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