Time for insurance to ditch paper - there's a new solution

Time for insurance to ditch paper - there's a new solution | Insurance Business

Time for insurance to ditch paper - there

Insurance is one of the most paper intensive industries there is. Since its inception, the industry has been built and sustained around paperwork – but the digital era is calling for change.

Managing extensive paper trails is no easy task. Back in 1993, Adobe came up with a great solution - the portable document format (PDF) – which would ease the pain of the paper trail somewhat. People embraced the PDF very quickly and are still heavily reliant upon the format today.

Shoot forwards 20 years and not a lot of innovation has happened since, despite industries making giant leaps in progress and consumer preferences turning to digital.

Then along comes Foxit Software. Founded in 2001, the California-based company develops PDF software and tools used to create, edit, sign, and secure files and digital documents. On a quest for innovation, the company championed Smart PDFs and developed its very own ConnectedPDF software, which it describes as a “next-generation” product.

“Smart PDFs take PDF up a notch, making the software more appropriate for an era where businesses are focused on digital,” said David Ronald, marketing director at Foxit Software, and host of the upcoming exclusive webinar ‘What are the Benefits of Smart PDFs for Insurance Professionals?’.

“They’re changing the way insurance businesses and individuals share information. For example, Foxit’s Smart PDF solution ConnectedPDF gives the author of a document digital control over that document after it has been sent. The author can assign increasing levels of access to the document, such as: read only, read and edit, read and print, forwarding abilities, and so on. Within the Smart PDF, the reader can ask for permission to do something to the document (like forward it to a colleague) and this can all be navigated and approved within the smart document.”

Smart PDFs give insurance professionals document management system-like functionality, but all within the document itself. These solutions are “intuitive” and “on the fly” which makes them perfect for the internet age, according to Ronald.

One of the largest insurance companies in the world has adopted the Foxit ConnectedPDF solution to help it share documents and communicate with hundreds of thousands of agents. Using Smart PDF enables the insurer to share proprietary information without it falling into the wrong hands.

“Smart PDF is putting intelligence into the insurance document itself, so as it’s travelling between countries, offices and agents, there’s an intelligence attached to the file and both the authors and administrators can control what’s seen and by whom,” Ronald added.

Find out more about the benefits of Smart PDFs for insurance professionals by tuning into our free webinar run by Foxit on April 19. David Ronald will run through exactly what Smart PDFs are, how insurance companies can use them, and you’ll see a demo of Smart PDF in action.

 

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