Straight-Through Processing and the Promise of E-Signature: Streamlining the Annuity

Straight-Through Processing and the Promise of E-Signature: Streamlining the Annuity Sales Process

Product Type: Market Research Report
Published by: TowerGroup
Published: February 2008
Product Code: R301-1421

Description

Federal legislation in the United States in 2000 opened the door for electronic signatures (e-signatures) as a valid substitute for "wet" paper-based signatures. In addition to streamlining the application process, e-signature and its companion technology, secure electronic documents, create an audit trail that facilitates process transparency and regulatory compliance for product suitability. US insurers investing in straight-through processing capabilities and working with their distribution partners to facilitate e-signature technology will experience long-term competitive and operational advantage.

Table of Contents

Report Coverage
The Push for STP: Exhibit 1 Simplified NAVA Straight-Through Processing Standards Initiative (2008)
Electronic Signature Enabled: Exhibit 2 E-Signature Interoperability (2008)
E-Signature Technology: Exhibit 3 Risk Assessment Process Flow (2008)
E-Signature Vendors in Life and Annuity: Exhibit 4 US Individual Annuity Sales by Distribution Channel (2007)
Industry Organizational Readiness
Future of E-Signature in Annuity Sales
Summary

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