Connecting Carriers, Distributors, Agents and Consumers with DocuSign eSignature

We're excited to announce a strategic partnership with iPipelineTM, the premier provider of on-demand sales distribution software for the insurance and financial services markets. iPipeline will incorporate DocuSign electronic signature technology into its e-Policy Solution under this agreement. The project is set to launch in beta version on July 1, 2010 and more than a dozen insurance carriers are contracted to begin using this innovative iPipeline e-Policy Solution. Timonthy Wallace, CEO of iPipeline, shares his thoughts on the addition of DocuSign to the e-Policy Solution:

iPipeline streamlined the policy delivery process to eliminate errors and automate sales distribution. DocuSign provides a fast, safe and secure e-signing tool to complete the final stretch of the e-Policy process. Adding DocuSign to our interactive e-Policy Solution offers carriers, distributors and producers a rich, easy-to-use tool that will simplify the workflow process and allow the consumer to easily sign electronically. We view DocuSign eSignature technology as a vehicle for increasing success in a highly-competitive environment and look forward to working with the DocuSign team.

By using iPipeline's Network and e-Policy solution with DocuSign, carriers, distributors and producers can streamline the final leg of the insurance policy sales cycle with a cost-efficient, fast and secure online eSignature process. Twenty-five insurance carriers have already deployed iPipeline's iGO e-AppTM, an intelligent fillable forms solution that safely and securely manages the online insurance application process. Once iGO e-App is 100 percent in “good order,” the carrier begins the underwriting process and issues an e-Policy for signature.

Via iPipeline's Network, carriers can easily access DocuSign's eSignature service, drag and drop familiar yellow Sign Here tabs and data fields within the policy, and send it electronically. An email notification is sent through the agent to the consumer announcing that the e-Policy is ready for e-Signature. The consumer is authenticated, adopts an eSignature, e-signs and completes the policy. Once completed, the new policyholder, agent and carrier receive an email notification with a link to the signed executed policy.

The illustration above depicts the iPipeline portal where consumers are easily guided by DocuSign's familiar yellow Sign Here tabs and data fields to finalize the ePolicy signing process.

Steve King, president and CEO of DocuSign shares his thoughts about how next-generation technology can grow a business in a cost-effective manner:

In this economic environment, employing next-generation technology is the most cost-effective method to grow a business. This partnership leverages the best technology— iPipeline's Network and DocuSign's electronic signature service—to fulfill policies faster, safer and more efficiently. We look forward to working with iPipeline to further streamline business processes, reduce costs and ensure the continued success of its customers.