The needs of insurance companies and similar financial institutions are related mainly to the large quantities of paper per transaction, and the costs of paper archive management and of document retrieval.

Electronic signatures permit a fully electronic archive, resulting in considerable cost savings.

The efficiencies of electronically managed documents along with the contract review information recorded by the VPSign™ Solution Suite give a very strong legal standing to the insurance company when challenged by a customer. This has a special benefit to these organizations since the exposure to the insurance company can be far beyond the transactional value of the contract.