Banner Life Insurance Company Selects DocuSign eSignature Service to Accelerate ePolicy Program
DocuSign to Help Leading Insurer Streamline Workflows While Transacting Policies Online
DocuSign®, the leading provider of on-demand electronic signature solutions, today announced an agreement with Banner Life Insurance Company, a leader in life insurance products. Under the agreement, Banner Life will integrate and deploy DocuSign's eSignature service to accelerate delivery of its ePolicies. As part of the implementation process, Banner Life will use DocuSign's Web Services Application Programming Interface (API) to facilitate data exchange and update policyholder information between internal systems, while safely and securely transacting business online with policyholders.
"We chose DocuSign because it is the market leader and simply the best in eSignature Services," said Eric Lester, vice president of administrative services at Banner Life Insurance Company. "DocuSign is fast, easy to use and flexible. We expect DocuSign to positively impact our business processes while reducing costs."
Since 1949, Banner Life has provided life insurance products to families across the United States, and holds more than $379 billion of life insurance in force with over $4.8 billion in assets (as of 2008). Located in Maryland, it is among the most financially sound life insurers in the United States with an AM Best ranking of A+ (Superior) and an S&P rating of A+. Banner Life was ranked 11 among all United States companies for new coverage issued in 2008.
"DocuSign has seen tremendous momentum among large insurance carriers in adopting electronic signing to enhance placement ratios and reduce cycle time in new business and policyholder services," said Steve Woodworth, market director of wealth management and insurance at DocuSign. "We are pleased to be working with Banner Life on this project and anticipate Banner will realize significant financial and process benefits soon after deploying DocuSign."
About Banner Life Insurance Company
Operating for more than 50 years, Banner Life is the flagship of Legal & General Group Plc in the United States and is licensed to sell individual traditional life, universal life and annuity products in every state except New York. Banner's life insurance products are sold through independent life brokerage agencies in 49 states and the District of Columbia. At year-end 2008, on a GAAP consolidated basis, Banner Life had over $379 billion USD of life insurance in force and more than $4.8 billion USD of assets. Banner Life is currently headquartered in Rockville, MD. For more information, visit the Banner Life Website.
About DocuSign, Inc.
DocuSign Inc. is the leading provider of on-demand software services for electronic signature. DocuSign empowers individuals, small businesses and global enterprises to operate faster and more efficiently, with greater profitability, enhanced security and compliance. DocuSign is the only Web-based service to securely automate and control the entire electronic document signing process. DocuSign employs the SaaS eSign industry's only enterprise class SAS-70, fully redundant data center delivering 99.993% uptime for customers over the last 29 months. To date, more than 59 million signature events have been executed using DocuSign. In addition, DocuSign is the official and exclusive provider of ESIGN services for the National Association of Realtors® 1.1 million members, under the REALTOR Benefits® Program.
To learn how DocuSign can accelerate your business, visit www.docusign.com or call (866) 219-4318. Subscribe to the DocuSign blog at www.docusign.com/blog.< Follow DocuSign on Twitter at http://twitter.com/DocuSign.
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