Minneapolis-based Wolters Kluwer Financial Services says it has expanded its SDX Secure Document Exchange, an electronic delivery and signature system for financial services organizations, to the U.S. insurance market.
Used in one in five mortgage disclosures, the platform allows insurers to electronically transmit confidential and time-sensitive information and documents over the Internet in a secure manner, including applications, policy delivery, renewals, mandatory notices, invoices, prospectus and life disclosure documents. It can also be used for sensitive internal documents such as HR, agent/broker, or regulator communications.
“Insurers are responsible for managing enormous amounts of confidential information, which can be an overwhelming task,” said Pam Ewing, general manager of Insurance Compliance Solutions at Wolters Kluwer Financial Services, in a statement. “As more consumers request electronic documents instead of paper, SDX provides insurers with a competitive advantage in the market, while also helping address compliance concerns.”