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Submitted URL: https://sales.onespan.com/t/107591/c/76cded0e-50e4-4716-8b00-a4ee3629e41e/NB2HI4DTHIXS653XO4XG63TFONYGC3ROMNXW2L3SMVZW65LS...
Effective URL: https://www.onespan.com/resources/direct-to-consumer/case-study?sbrc=1mZeqnOzDi58sAFsGc0hIAg%3D%3D%24_2XfsY6CsY7t7Yse8bP...
Submission: On May 26 via api from US — Scanned from DE
Effective URL: https://www.onespan.com/resources/direct-to-consumer/case-study?sbrc=1mZeqnOzDi58sAFsGc0hIAg%3D%3D%24_2XfsY6CsY7t7Yse8bP...
Submission: On May 26 via api from US — Scanned from DE
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* Partner Program * Overview * Global Alliances * Reseller Partner * Inside OneSpan * Company Overview * Leadership Team * Board of Directors * Privacy, Compliance and CSR * Investors * Join Our Team * Support * Customer Success Packages Overview * Customer Support Overview * Customer Support Services * Software Product Lifecycle * Professional Services * PSIRT Review * PSIRT Advisories and Responses * PSIRT Hall of Fame * Quick Links * Contact Support * OneSpan Community * My Maintenance and Registration * Customer Support Portal & Knowledgebase * OneSpan Sign Login * US (US1) * US (US2) * Canada * Australia * Europe * English * English * Deutsch * Español * Français * Italiano * 日本語 * Nederlands * Polski * Português * Pусский * Integrated Solutions SOLUTION PORTFOLIO * Identity Verification Digital identity verification services * Authentication Secure, passwordless experiences * Digipass Social engineering fraud mitigation * OneSpan Sign Secure document e-signing * OneSpan Sign Connectors Pre-built e-sign integrations * OneSpan Virtual Room A secure, high-assurance space * OneSpan Notary Secure online notarization * Mobile Security Suite State-of-the-art mobile app security * Mobile App Shielding Full app protection from the inside out USE CASES * Money transfers * Financing, lending & mortgages * Retail banking use cases * Commercial banking use cases * Insurance use cases * Employee authentication * E-contracting * Human resources * Patient onboarding * E-prescribing INDUSTRIES * Financial Services * Insurance * Lending and Financing * Retail Banking * Commercial Banking * Wealth Management * Government * Healthcare HOW TO BUY Fair pricing. No hidden fees. A human sales process, built for enterprise. * Explore Pricing * What's Possible * Realities Trust. Everyone is looking for it — and worried about it. Here’s why. * Outcomes See how peers have transformed the way they do business. * Where to begin Your success story starts here. * Proven Success * Trusted Perspective WHAT'S TRENDING * eBook Product Use Case Catalog Our solution portfolio supports secure, simple end-to-end experiences for your clients. Find out how. Read Now * Video Bringing Identity Verification and E-Signature Together Watch Now * E-Signature Boldy Meeting the Promise of Web3 Read Now STAY INFORMED * Blog Thought-provoking updates on the changing landscape * Resources Insights for every stage of your transformation journey * Newsroom We’re making waves everyday by reimagining trust for the global enterprise * Events Let’s get together and see what’s possible * Get Started * LET'S TALK Meet our team and get the direct answers you need CONTACT US * REQUEST A DEMO See our solutions in action, from basic to advanced functionality LEARN MORE Get Started CASE STUDY DIRECT-TO-CONSUMER CAR INSURANCE INSURER SEES 23% HIGHER COMPLETIONS AFTER REPLACING DOCUSIGN Share × SHARE PAGE VIA: Copied to clipboard Close EXECUTIVE SUMMARY BUSINESS OBJECTIVES * Replace DocuSign as their e-signature solution provider * Increase completion rates of online applications and claims * Avoid extra charges for customer support THE SOLUTION * Integrated OneSpan Sign with Guidewire PolicyCenter, ClaimsCenter, SmartCOMM, Hyland OnBase, and the carrier’s in-house Policy Administration service THE RESULTS * 23% higher application completion rate in first 30 days compared to DocuSign due to ability to fully white-label the experience * Fast integration with go-live in 30 days * Multiple lines of business were moved to OneSpan Sign within a single Professional Services engagement * Significant cost savings compared to DocuSign This insurance carrier replaced DocuSign as their electronic signature solution provider to avoid fees and inflated prices, while improving KPIs with a white-labeled experience. Prior to 2021, this leading Direct-to-Consumer (DTC) auto insurance carrier had relied on the DocuSign electronic signature solution as part of their digital policy application process. When it came time to renew their contract with DocuSign, several elements of the business relationship encouraged the team to make a change. DocuSign came to the table with a contract that included a significant price increase per transaction and continued to charge extra for support services. Worse, DocuSign pushed to lock-in a three-year renewal under these new terms. But price was not the sole motivator for seeking alternatives. The DocuSign solution did not yield the completion rates they expected. Though the insurance carrier did not understand why, the digital process enabled by DocuSign only yielded a 64% completion rate with inexplicable delays. Customers would take longer than expected to open the email invitations and sign documents. “Why is it so slow?” became a common internal question among the team, and DocuSign could provide no path to improving these issues. As they soon discovered, the completely customizable and white-labeled experience offered by OneSpan Sign proved to be that path forward. THE SOLUTION THE SOLUTION OVERCOMING THE COMPLETION RATE PLATEAU As is common in the insurance industry, a new business application is e-signed using an electronic signature platform. To access the policy application and signing experience, this DTC carrier sends an email invitation through the platform. The problem was that DocuSign does not offer their customers an opportunity to fully white-label that experience. The customer receives that email invitation from a DocuSign email server and domain. When entering the signing ceremony, the customer is then greeted by DocuSign’s brand and the required insurance forms. At no point before this in the process is the customer introduced to DocuSign or expecting their involvement. The mysterious delays and disappointing completion rates were a direct result of the disconnect in branding. Even though the email address was from the DTC carrier, it was being sent via the DocuSign domain, which caused some of the email invitations to be filtered into customers’ spam folders. This also left customers open to phishing attempts in a scam known as “brandjacking” where scammers leverage specific brands like DocuSign to entice customers into opening email invitations. Growing awareness of these deceitful tactics increasingly dissuades customers from trusting emails from third-party brands. Sophos cited in their 2021 report that 70% of organizations have seen increased phishing attempts since the pandemic began.1 In that climate, it is no surprise that customer skepticism is high and a custom-branded experience is all the more important. > We didn’t realize the impact our DocuSign implementation had on the completion > rate, until we implemented OneSpan Sign > > CUSTOMER EXPERIENCE DIRECTOR After learning the full extent of OneSpan Sign’s white-labeling capabilities and seeing a proof of concept, the auto insurance carrier committed to OneSpan Sign as their new provider. INTEGRATIONS WITH GUIDEWIRE, HYLAND, AND SMART COMMUNICATIONS OneSpan further differentiated itself from DocuSign and other electronic signature providers through its ease of integration and exceptional support services. The carrier’s technical team found OneSpan support to be very responsive and engaged. Whenever the team encountered technical roadblocks, they were able to set up a session within 24 hours and overcome the challenges presented. In addition, they found significant value in the online resources and documentation in the OneSpan Community. When building the proof of concept for each e-signature provider being evaluated, they found that OneSpan Sign was the fastest to build. The OneSpan Sign service was set up in under a day. This confirmed to the team that OneSpan Sign would deliver the easiest integration process. They integrated OneSpan Sign into two of their processes: customer policy applications and claims. Policy applications rely on a flow of multiple applications, including Guidewire PolicyCenter, SmartCOMM, Hyland OnBase, and their own custom implementation directly to OneSpan Sign. Claims meanwhile leveraged Guidewire ClaimCenter and an integration with OneSpan Sign through SmartCOMM. A dedicated team of three developers was assigned to the policy application process while a team of two worked on the claims process. Though the teams began their development at different times, each process required two to three weeks to complete the integration and QA the new signature process using OneSpan Sign. As a result of keeping the same digital workflow for policy applications, the carrier only had to swap out the DocuSign API calls within their custom, in-house application, keeping the replacement process to a minimum. THE RESULTS When the carrier went live with OneSpan Sign in May 2021, they saw an immediate 22.7% increase in completions in the first 30 days for insurance policy applications. The most significant difference was the fully branded white-labeled experience. From beginning to end, the customer now interacts only with the carrier’s brand. The email invitation comes from the insurance company’s email server and domain, and links to the signing experience hosted within their platform. Emails stay out of the spam folder and customers feel confident they are interacting with the legitimate business. Beyond improved completion rates, they were pleased to find that OneSpan Sign was “less than half the price of DocuSign”. The “Premium Support” offered by DocuSign counted for 17% of the total contract alone. With OneSpan, this service is complimentary. With several months of data now available from the OneSpan Sign implementation, the auto insurer has both overcome the DocuSign completion rate plateau and reduced costs in the department along the way. ENDNOTES 1 SOPHOS PHISHING INSIGHTS 2021: HTTPS://SECURE2.SOPHOS.COM/EN-US/SECURITY-NEWS-TRENDS/WHITEPAPERS/GATED-WP/PHISHING-INSIGHTS-2021.ASPX Share × SHARE PAGE VIA: Copied to clipboard Close CONTENTS * Executive Summary * Overview * The Solution * The Results RESOURCE CENTER * Select Topic * Authentication * Digital Identity Verification * eSignature * Fraud Prevention * Legal & Regulatory * Mobile Security * * Select Content Type * Analyst Reports * Blogs * Case Studies * Datasheets * Infographics * Podcasts * Videos * Webcasts * White Papers & eBooks * * Integrated Solutions SOLUTION PORTFOLIO * Identity Verification Digital identity verification services * Authentication Secure, passwordless experiences * Digipass Social engineering fraud mitigation * OneSpan Sign Secure document e-signing * OneSpan Sign Connectors Pre-built e-sign integrations * OneSpan Virtual Room A secure, high-assurance space * OneSpan Notary * Mobile Security Suite State-of-the-art mobile app security * Mobile App Shielding USE CASES * Money transfers * Financing, lending & mortgages * Retail banking use cases * Commercial banking use cases * Insurance use cases * Employee authentication * E-contracting * Human resources * Patient onboarding * E-prescribing INDUSTRIES * Financial Services * Insurance * Lending and Financing * Retail Banking * Commercial Banking * Wealth Management * Government * Healthcare HOW TO BUY Fair pricing. No hidden fees. A human sales process, built for enterprise. * Explore Pricing * What's Possible * Realities Trust. Everyone is looking for it — and worried about it. Here’s why. * Outcomes See how peers have transformed the way they do business. * Where to begin Your success story starts here. * Proven Success * Trusted Perspective WHAT'S TRENDING * eBook Product Use Case Catalog Our solution portfolio supports secure, simple end-to-end experiences for your clients. Find out how. Read Now * Video Bringing Identity Verification and E‑Signature Together Watch Now * E-Signature Boldy Meeting the Promise of Web3 Read Now STAY INFORMED * Blog Thought-provoking updates on the changing landscape * Resources Insights for every stage of your transformation journey * Newsroom We’re making waves everyday by reimagining trust for the global enterprise * Events Let’s get together and see what’s possible * Partner Program * Overview * Global Alliances * Reseller Partner * Inside OneSpan * Company Overview * Leadership Team * Board of Directors * Privacy, Compliance and CSR * Investors * Join Our Team * Support * Customer Success Packages Overview * Customer Support Overview * Customer Support Services * Software Product Lifecycle * Professional Services * PSIRT Review * PSIRT Advisories and Responses * PSIRT Hall of Fame * Quick Links * OneSpan Sign Login * US (US1) * US (US2) * Canada * Australia * Europe * English * English * Français * 日本語 * Deutsch * Español * Pусский * Português * Nederlands * Polski RESOURCE CENTER * Select Topic * Authentication * Digital Identity Verification * eSignature * Fraud Prevention * Legal & Regulatory * Mobile Security * Select Content Type * Analyst Reports * Blogs * Case Studies * Datasheets * Infographics * Podcasts * Videos * Webcasts * White Papers & eBooks Follow us on * * * * * Products * Electronic Signature * Identity Verification * Adaptive Authentication * Mobile Security Suite * See All Products * Solutions * Account Opening * Account Takeover * Frictionless Authentication * See All Use Cases * Resources * Blog * Resource Center * eSignature Legality Guide * OneSpan Community * Company * About OneSpan * Careers * Newsroom * Events * Leadership * Investors * Contact Us * Learn About * Electronically Sign Documents * Electronic Signature Certification * Electronically Sign Word Document * Document Signing Software * Generate Signatures * Multi-Factor Authentication * Identity Verification * See All Topics * Privacy Center * Cookie Policy * Terms of Use * Legal Notice * Preference Center Copyright 2023 OneSpan. All Rights Reserved. > OneSpan, the digital agreements security company™, helps organizations > accelerate digital transformations by enabling secure, compliant, and > refreshingly easy customer agreements and transaction experiences. > Organizations requiring high assurance security, including the integrity of > end-users and the fidelity of transaction records behind every agreement, > choose OneSpan to simplify and secure business processes with their partners > and customers. Trusted by global blue-chip enterprises, including more than > 60% of the world’s largest 100 banks, OneSpan processes millions of digital > agreements and billions of transactions in 100+ countries annually. > > Learn more at OneSpan.com > Contact us at OneSpan.com/contact-us/onespan-sign Copyright© 2022 OneSpan North America Inc., all rights reserved. OneSpan®, the “O” logo, Digipass®, Cronto® and “The Digital Agreements Security Company™” are registered or unregistered trademarks of OneSpan North America Inc. or its affiliates in the U.S. and other countries. Any other trademarks cited herein are the property of their respective owners. OneSpan reserves the right to make changes to specifications at any time and without notice. The information furnished by OneSpan in this document is believed to be accurate and reliable. However, OneSpan may not be held liable for its use, nor for infringement of patents or other rights of third parties resulting from its use. * LET'S TALK Meet our team and get the direct answers you need CONTACT US * REQUEST A DEMO See our solutions in action, from basic to advanced functionality LEARN MORE This website uses cookies to improve your user experience, functionality and performance and render our services. 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