Andesa Services, a leading provider of comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers, today announced that it now provides e-signature capabilities as part of its Integrated New Business Portal.
Andesa’s Integrated New Business Portal is a paperless, web-based service designed to simplify the life insurance enrollment process for plan participants, policy owners, brokers and carriers. By replacing paper applications and traditional electronic processes with intelligent, fillable, rules-based web forms and information-gathering tools, the Integrated New Business Portal makes enrollment and new business processing easy on participants and brokers, while ensuring that carriers receive In Good Order data.
Electronic signatures represent a significant expansion of functionality for the Integrated New Business Portal. It allows our clients to offer – and their clients to enjoy – truly paperless enrollment and new business processing. That means a much higher percentage of In Good Order data going to the carrier, which translates directly into cost reductions and time savings.
The Integrated New Business Portal is fully integrated with Andesa’s secure illustration, policy administration and reporting solutions, allowing for automated support of the entire new business process, from census to policy issuance.
Developed using Silanis’ industry-leading e-SignLive™ technology, the new capabilities allow plan participants and policy owners to easily and electronically add legal, enforceable signatures to enrollment documents. Full audit trails and metadata are attached to the electronic signatures, ensuring authenticity.
“At Andesa, we’re always striving to offer new tools that reduce burdens on policy owners and plan participants, while streamlining processes and creating efficiencies for our partners at the broker and carrier levels,” said Vince Collier, Andesa’s Executive Vice President, Distribution Services. “Electronic signatures represent a significant expansion of functionality for the Integrated New Business Portal. It allows our clients to offer – and their clients to enjoy – truly paperless enrollment and new business processing. That means a much higher percentage of In Good Order data going to the carrier, which translates directly into cost reductions and time savings.”
About Andesa Services
Since 1983, Andesa Services has been a consistent leader in quality, highly efficient, integrated administrative solutions for life insurance and annuity companies and their distributors. Seven of the top 13 U.S. life insurance companies – as well as a number of the largest brokerage firms in the country – use Andesa’s suite of services to deliver superior policy administration, plan administration, reporting and illustration solutions. Andesa’s client-centric solutions combine a unique Software as a Service (SaaS) on Private Cloud operating model with a modern technology blueprint and exceptionally knowledgeable insurance professionals in support of open and closed blocks of individual and group insurance products. To learn more about Andesa, visit https://andesaservices.com/.
Silanis is the most widely used e-signature solution in the world, responsible for processing more than 600 million documents annually. Founded in 1992, Silanis’ solutions e-Sign Enterprise™ and e-SignLive™ enable thousands of organizations, including four of the top 10 North American banks, eight of the top 15 insurance companies and the entire US Army to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis provides the most flexible deployment options with its on-premise, cloud and SaaS e-signature solutions, eliminating manual, paper-based processing and enabling e-commerce and e-government transactions to be electronically executed from start to finish. Learn more at www.silanis.com.