Wolters Kluwer Financial Services has expanded its SDX SecureDocument Exchange, a fully-integrated electronic delivery andsignature solution for financial services organizations, to theU.S. insurance market.

SDX facilitates delivery of one out of every five mortgagedisclosures in the U.S. With its expansion into the insurancemarket, it can now provide insurers of all sizes with the same wayto electronically transmit confidential and time-sensitiveinformation and documents over the Internet, eliminating paper,printing and shipping fees in the process.

This includes applications, policy delivery, renewals, mandatorynotices, invoices, prospectus and life disclosure documents. SDXcan also be used for internal communications that require a highlevel of security, including those with human resources or agentsand brokers, as well as communications with state regulators.

SDX also provides the ability to configure secure two-waycommunication between the sender and recipient, meeting theregulatory requirements of the Electronic Signatures in Global andNational Commerce Act (ESIGN) and the Uniform ElectronicTransactions Act (UETA), while offering a complete, real-time audittrail and tracking capabilities for each transaction.

A Cloud-based solution, SDX can be easily integrated withexisting systems to help eliminate the risk of incomplete,incorrect or misplaced documents, and risks associated withnon-secure communication models like email or fax.

“Insurers are responsible for managing enormous amounts ofconfidential information, which can be an overwhelming task,” saysPam Ewing, general manager of Insurance Compliance Solutions atWolters Kluwer Financial Services. “As more consumers requestelectronic documents instead of paper, SDX provides insurers with acompetitive advantage in the market, while also helping addresscompliance concerns.”