Wolters Kluwer targets insurers with secure document exchange

Wolters Kluwer Financial Services has launched its SDX Secure Document Exchange in the US insurance market.

SDX is an electronic delivery and signature technology for financial services organisations that has become established in the mortgage industry, helping to deliver one out of every five mortgage disclosures in the US, according to WKFS.

The company said the platform can now provide insurers of all sizes with "the same simple and secure way to electronically transmit confidential and time-sensitive information and documents over the Internet, eliminating paper, printing and shipping fees in the process".

Uses include applications, policy delivery, renewals, mandatory notices, invoices, prospectus and life disclosure documents, it said, adding that SDX can also be used for internal communications that require a high level of security.

"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 the company.

"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."