SNAP Premium Finance introduces E-Signature to Canada’s insurance premium financing market

The ability to sign documents electronically, securely and legally is a service enhancement that benefits everyone.

Vancouver, B.C. (Aug. 12, 2015) – SNAP Premium Finance, a division of SNAP Financial Group, Inc. is the first premium financing company in Canada to provide Electronic Signature (E-Signature) services to Insurance Brokers as part of the premium financing application process.

“The ability for a Broker and their Client to sign financing documents electronically is immensely efficient,” said Kumar Bhaskar, Senior Vice President, SNAP Premium Finance. “It means that the last stage of the Premium Finance Agreement, getting it signed, can be completed within seconds. To be able to sign documents from anywhere, on any device, is very helpful for clients who are away from computers. And paperless transactions eliminate the hassle of printing, scanning and faxing or sending documents by courier.”

“SNAP’s E-Signature is going to make life much easier for our clients and brokers,” said Tony Carlton, CEO, Carlton Insurance Brokers. ” We no longer have to print or scan the premium finance agreement for signatures, making the whole process completely paperless. The result will be a great experience for both our clients and our team.”

“We are very excited to start using E-Signature with our clients,” said Mike Ferguson, Account Manager, Commercial Insurance Division, Ogilvy Insurance. “Especially for those who are mobile, such as in transportation; it’ll be great to have the documents signed right away. We appreciate that SNAP delivers innovative technology that makes our job easier.”

SNAP’s E-Signature service is securely encrypted and managed in compliance with electronic signature legislation in Canada and the United States.

About SNAP Premium Finance

SNAP Premium Finance is a division of SNAP Financial Group, Inc. Established in 2006, SNAP has been helping businesses across Canada and the United States grow their businesses by providing turnkey and custom financing programs.

The company works with home improvement service providers, commercial equipment dealers and insurance brokers.

SNAP helps businesses successfully integrate financing into their sales and marketing efforts by providing them with seamless loan origination systems, a simple user-friendly, application process, responsive reviews and approvals (typically under 1 minute), and industry-leading training and support.

SNAP has facilitated over 200,000 loans and $1B in financial transactions.

Source: SNAP Premium Finance