Silanis Technology recently announced its leadership in the insurance domain, with three of the top 10 property & casual (P&C) insurers using Silanis e-signatures to increase their competitiveness. Garden State Life Insurance Company (GSL) is another major insurance client benefiting from electronic signatures.
Montreal, QC, October 24, 2007 — Leading e-signature provider Silanis Technology is pleased to announce that Garden State Life Insurance Company (GSL) has extended its ApproveIt® Web Server contract to allow continued and expanded use of the leading e-signature solution.
GSL, a member of the American National Family of Companies, uses Silanis electronic signatures to enable its customers to electronically sign life insurance applications and their corresponding payment authorizations online, making straight-through processing possible.
As Garden State President and CEO Scott K. Luchesi said, electronic signatures have become integral to the carrier’s online business.
“We couldn’t have an effective online channel without e-signatures,” said Mr. Luchesi. “When we decided to offer applications online, there was no question that we needed them. Completing the transaction while you have the customer’s attention is essential.”
“This latest agreement follows the insurance industry’s rapid e-signature adoption in the last year”, said Richard L. Warren, CEO, Silanis. “Insurance carriers are debunking the myth that they are conservative technology adopters and they clearly recognize the importance of electronic signatures in offering superior customer service and remaining competitive.”
ApproveIt Web Server is an advanced ESIGN-compliant solution that enables regulated business and e-contracting processes to be replicated online, or in a point-of-sale environment. Its flexibility ensures that carriers can use the same e-signature platform across agent, retail, Web and call center channels.
Silanis e-signatures help organizations like GSL to maintain tight control and quality by providing the strongest possible electronic evidence, with a secure record of the signing process that includes information on document routing, delivery, presentation, authentication and storage.
Its insurance customers also include GEICO, AIG and a third top-ten P&C insurer.
Founded in 1992, Silanis Technology Inc. is the largest and most experienced provider of electronic signature solutions. More than 1,400 government and commercial organizations, representing two million users, depend on Silanis’ solutions to accelerate operations, improve service and reduce costs.
The company’s solutions not only eliminate the inefficiencies of paper; they provide reliable and auditable business records needed to demonstrate compliance with applicable laws, standards, regulations and policies.
About Garden State
Garden State Life Insurance Company is a member of the American National Family of Companies. For more information, including company news and investor relations information, visit the company’s Web site at www.anico.com.