E-Signatures in U.S. Insurance: Vendor Overview

by Craig Weber, September 30, 2002

Abstract

Boston, MA, USA September 30, 2002

Significant, immediate growth is expected for e-signatures in insurance. Celent reviews seven leading e-signature vendors in anticipation of a flurry of activity.

"E-signatures have been on carriers’ wish lists for several years,"

says analyst Craig Weber, author of Celent's latest report, . "But now the technology is maturing, and carriers are getting more comfortable with the regulatory issues. It looks like the benefits of e-signatures finally will be realized."

The report analyzes the offerings of seven leading e-signature vendors targeting the high-potential U.S. insurance market. The report also reviews current e-signature technologies and outlines likely next steps in its evolution.

Seven U.S. E-Signature Vendors

A is available online.

FIRM

MARQUEE CLIENTS

Communications Intelligence Corporation (CIC) Prudential, American General, National Health Insurance
Lexign ABN AMRO Bank, AEGON, Dime Savings Bank of New York, First National Bank, John Hancock
PureEdge Solutions Security & Exchange Commission, US Air Force, J.P. Morgan, FedEx, General Electric
Silanis Technology Allstate, Nationwide Insurance, Merrill Lynch
Topaz Systems Colonial (Unum), AFLAC, American Family, Cingular Wireless, Home Depot
Valyd, Inc. Ford Motor Credit
WonderNet Bank Hapoalim

of Celent Communications' Life/Health Insurance and Property/Casualty Insurance research services can download the report electronically by clicking on the icon to the left.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA September 30, 2002

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 5
TECHNOLOGY OVERVIEW 6
E-SIGNATURE SOFTWARE 8
  Insurance Market Overview 8
  Review of Key Players 10
  Communication Intelligence Corp. (CIC) 10
  Lexign, Inc. 12
  PureEdge Solutions, Inc. 13
  Silanis Technology 14
  Topaz Systems, Inc. 16
  Valyd 17
  WonderNet Ltd. 18
PRODUCT COMPARISONS 20
  Biometric Signature Products 20
  Non-Biometric Products 21
  Product Selection Criteria 22
MOVING FORWARD 24
  Renewed Carrier Interest 24
  Product Enhancements 24
  Race for Market Share 25

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