e-Signature will speed up the medical data consent process in health and Life Insurance
Health and Life Insurance is a vital requirement in presence era due to highly expensive medical treatment and life-threat in today’s busy life in unbalanced environment. Number of people in UK lost their lives in recent floods and storms. Countless people got injured badly. Only health and life insurance policies keep you and your family safe from financial crisis.
Association of British Insurers (ABI) understands importance of both covers in Brits lives hence, ABI always thinks how to make the underwriting process easy and fast for end consumer. Recently ABI has published a set of high level principles for e-Signature’s use. This will make the entire process of applying and buying valuable insurance cover easy and fast for consumer.
By publishing these principles, ABI wants to build trust in GPs and consumers that consumer’s consent with e-Signature is completely safe and secure as the current paper-based system. It also helps to speed up the task of providing valuable life insurance cover and annuities for consumers.
Joint General Practitioner Information Technology Committee of British Medical Association and Royal College of General Practitioners (RCGP) with approval of General Medical Council (GMC) also contributed with ABI in developing these principles.
Comparison between e-Signature consent with Wet Signature based process
Benefits of e-Signatures in underwriting process of insurance
Hassle-Free: Feel free from bothersome paperwork, save postage costs
Safe- No risk of documents being tampered because you can keep the track on changes that have been made.
Fast- No filing, faxing or printing, so it consumes less time than ordinary process.
Verification Methodology for matching signer with medical data consent
Three types of methods will be applied for associating e-Signature signer with consent being granted.
1: IP Address: IP address of the device from where consent form is captured and saved along with the consent being granted. Through IP address, one can identify the device being used when consent is approved.
2: One-Time Passcodes (OTP): A passcode will be sent by SMS or e-mail, and one has to write this passcode in completed electronic consent form. This shows the signer is the person who have access of phone or email address at the time of fulfilling form.
3: “Handwritten” Signature: The signer uses the device to create a resemblance of their handwritten signature. This might be done with stylus or finger or with a mouse depending on the features of the device.
Above three methods will be helpful for creating evidential link between the signer and the consent being granted.
Charlie Campbell, Policy Adviser for Protection and Health at the ABI, said:
“These Principles set an industry standard, giving doctors and customers a confidence that using e-Signatures is safe and secure, and will speed up the underwriting process for the benefit of customers.”