Online contracting in the insurance sector

Online contract services for the insurance sector

With the solution Dictao Trust Platform, insurance companies can give their current and prospective clients the option of completing insurance contracts online. Thanks to these 100% electronic processes, insurance companies have the opportunity to:

• Improve current and prospective client services (services available 24/7)
• Increase the completion rate of contracts
• Increase contract processing efficiency

The legally binding nature of electronic insurance contracts

Insurance contracts often concern sensitive issues, such as health, accidents, and personal goods. A contract that is digitally signed must be legally binding for the entire duration of the agreement (potentially several decades).

Digital signatures for insurance contracts

Dictao’s online contract signing solution allows both parties (the insurance company and the current or prospective client) to digitally sign the insurance contract, thereby giving the contract legal value. This digital signature replaces and holds the same value as the manual signature.

The constitution and conservation of insurance contract proof

Dictao Trust Platform also permits the creating of contract proof, and the storage of this data in a legally binding manner for the duration of the commitment. In the event of litigation between the insurance company and its client, this proof can be restored, even years after the initial creation of the contract. The proof contains all the elements linked to the transaction (amount, date, etc.). The integrity of these elements, which act as evidence in a court of law, is guaranteed for the entire contract period.

Dictao offers the white paper ‘Online contracting in the insurance sector’ in order to present the security and trust issues associated with electronic contract services in the insurance sector, and the methods to easily rise above these challenges.