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Car Insurance Provider Offers 'Secure' E-Delivery Solution For Certificates, Report Shows
from:Kwik-Fit Insurance has acquired a secure electronic delivery
product that should support the secure delivery of car insurance
e-certificates, a recent report indicates.
Known as SDX, the delivery solution has been designed to provide
safe messaging in the issuing of said certificates, the report
explains. SSP, an IT solutions specialist for the insurance and
finance industries, will facilitate the product offering as per
the three-year agreement made with the car insurance provider.
The move will likely benefit Kwik-Fit's business profile,
according to the report.
"The internet has had a significant impact on our business and
is now the main source of motor insurance sales," said Martin
Oliver, managing director of Kwik Fit, in a recently-published
press report. "Customers buying online not only demand low
prices and high levels of service, but also expect electronic
delivery of documentation immediately".
According to the press statement, the deal has been made in
response to a proposed legislation. Expected to be passed next
year, the legislation would allow care insurance providers to
provide e-certificates electronically with assured security.
With regards to appropriate delivery of the car insurance
certificates, SDX says that issuing the documents electronically
is safe from unauthorised access. The company adds that it will
make certain that the documents are tracked en route.
"With growing concern over identity theft and fraud," the
statement explained, "software suppliers have been working on
making a secure system for the insurance industry to issue
certificates to its customers."
As a result of said fears surrounding identity theft and
fraudulent activity, many insurance and financial industry
experts have become increasingly wary of electronic document
issues. Press reports like this one released by Kwik-Fit,
however, are aiming to restore faith in the Financial Services
Authority (FSA) -- and in other stakeholders in the insurance
sector -- specifically surrounding the idea of e-document
delivery solutions.
"A recent review of data security systems by the FSA across a
number of financial services companies stated that more must be
done to ensure that customers' personal data does not fall foul
of identity theft in the UK," the press report highlighted.
Research conducted by Kwik-Fit Insurance has suggested that
online car insurance revenue accounts for approximately 70% of
all car insurance policies bought through the company. Kwik-Fit
further suggests that business benefits in conjunction with the
SDX solution will include better customer service, savings in
postage and administration.
"Another factor will the increased environmental benefits, which
are becoming more of an issue that for both businesses and
consumers," the press report concluded. "Also a major online
benefit of this venture is the enhanced user experience when
visiting the Kwik-Fit Insurance website."
About the author: Natalie Anders
Natalya is an author of several articles pertaining to Car Insurance. She is known for her expertise on
the subject and on other Business and Finance related articles.
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