The Chubb Group of Insurance Companies announced that it has created a secure electronic insurance policy that can be sent out quicker and cut paper flow.

ePolicy will "streamline the delivery of personal insurance policies and reduce environmental waste," the Warren, N.J.-based company promised.

Andrew McElwee, executive vice president, Chubb & Son, and chief operating officer, Chubb Personal Insurance said in a statement that ePolicy will not only shorten the distribution process by several days, it will also enable customers to receive their policies in a more secure format."

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