SNS Silanis

 

TIDMSNS 
 
 
Silanis International Limited 
17 November 2010 
 
+-------------------------------+-------------------------------+ 
| RNS Reach release             |              17 November 2010 | 
+-------------------------------+-------------------------------+ 
 
                  Silanis International Limited (the "Company") 
  announces National Indemnity Company takes the first step towards paperless 
                  processing using Silanis' e-signing service 
 
The Company (AIM: SNS) is pleased to announce that National Indemnity Company, a 
member of the Berkshire Hathaway group of insurance companies, will continue its 
move to paperless processing of customer transactions by using the Silanis 
e-Sign Dedicated Service for Insurance, said Silanis Technology Inc. ("Silanis") 
- the electronic signature solution provider for 21st Century, Country 
Financial, Liberty Mutual and other leading carriers. 
Replacing the commercial insurer's "pen and paper" signing process with a fully 
electronic method will help National Indemnity Company to achieve its initiative 
aimed at improving operational efficiency - making it more convenient for 
customers to do business with the carrier. 
The property and casualty insurer will first begin using Silanis' e-signing 
service where it will have the most immediate impact on their business - 
securing customer signatures in electronic funds transfer (EFT) agreement forms. 
They will gradually introduce other insurance processes to the benefits of a 
fully electronic signing process over time. 
"The Silanis e-signing service will make it much easier and faster for our 
customers to sign and return EFT agreements, so we expect more will opt for the 
automatic payment option versus mailing checks out to us each month, " said 
Chris Wilczewski, Product Manager at National Indemnity Company. 
As more insurers turn to electronic signatures to improve customer experience 
and create a competitive differentiation, ensuring the best possible e-signing 
experience becomes even more important. And that means enhancing the carrier's 
unique brand in addition to making e-signing simpler than paper-based signing, 
adds Tommy Petrogiannis, CEO and co-founder of Silanis. 
"As the most widely used e-signature solution with nearly 50 million 
transactions processed in 2010 alone, Silanis knows what it takes to deliver a 
risk-free, e-signature implementation that ensures high user adoption and 
protects an insurer's unique brand," said Petrogiannis. 
Unlike Software-as-a-Service (SaaS) offerings that force insurers to share a 
'one-size-fits-all' e-signing process, Silanis' service runs on the cloud with a 
unique instance of the software. This enables National Indemnity Company to 
match the e-signing process to their unique business requirements and tailor the 
look and feel to match their branded website - a best practice that has proven 
to increase user adoption. Indeed, Silanis' service provides the carrier with 
insurance best practices all 'packaged up and ready to go'. 
Leveraging Silanis' 10-years of experience implementing electronic signatures at 
some of the largest P&C and Life carriers, the Silanis e-Sign Dedicated Service 
for Insurance equips carriers with everything they need to rapidly demonstrate 
proof-of-concept, run pilots, and fully deploy the service to automate any 
volume of customer transactions in the agent, call center and web channels, 
while lowering implementation, legal and compliance risks. 
"We chose the Silanis e-Sign Dedicated Service for Insurance because it provides 
National Indemnity Company with a cost-effective, e-signature service that can 
be scaled across our operations and different lines of business and processes." 
said Wilczewski. 
 
For further details, please contact: 
+----------------------------------------+----------------------+ 
| Silanis International Limited          |                      | 
| Tommy Petrogiannis, Chief Executive    | Tel: +1 514 337 5255 | 
| Officer                                |                      | 
|                                        |                      | 
+----------------------------------------+----------------------+ 
| Canaccord Genuity Limited              | Tel: +44 (0) 20 7050 | 
| Mark Williams                          | 6500                 | 
+----------------------------------------+----------------------+ 
 
 
 
About National Indemnity Company 
National Indemnity Company (NICO) is one of the leading property/casualty 
members of the Berkshire Hathaway group of insurance companies, boasting the 
highest possible financial strength rating by A.M. Best - an A++XV rating. 
Located in Omaha, NE and backed by a wealth of experience, National Indemnity 
Company offers one of the widest selections of commercial insurance products in 
the industry and the stability that agents and insureds have depended on for 
decades. 
About Silanis 
Silanis' solutions have processed hundreds of millions of e-signatures since the 
company was founded in 1992 (50 million in 2010 alone), making it the most 
widely used e-signature solution. The world's largest insurance and financial 
services companies, government agencies, and service providers depend on Silanis 
to accelerate business transactions and reduce costs while improving compliance 
with legal and regulatory requirements. The company's on-premise, cloud and SaaS 
e-signature solutions eliminate manual, paper-based processing to enable 
e-commerce and e-government transactions to be executed fully electronically 
from start to finish. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRAKKODDPBDDADD 
 

Silanis (LSE:SNS)
Historical Stock Chart
From Jun 2024 to Jul 2024

Silanis (LSE:SNS)
Historical Stock Chart
From Jul 2023 to Jul 2024