Almost two-thirds of protection experts have said that the use of E-signatures will have a positive impact on protection sales, according to a poll.
The Protection Review's poll found that 71.5% of those polled said the use of such technology will have a positive impact on sales.
Meanwhile 16% were unsure and said ‘maybe' while 12.5% believed E-signatures would not impact protection sales.
Insurers will be able to use e-Signatures to request individuals' medical information for life and health insurance products, allowing customer consent to be sent instantly to the insurer, speeding up the medical record gathering process.
In February 2016, The Association of British Insurers (ABI) published a set of principles on the use of e-Signatures.
Kevin Carr, chief executive of The Protection Review said: "It isn't surprising to see such overwhelming support for the development of e-signatures for protection insurance.
"The process remains time consuming for many people with a lot of paperwork, and anything the industry can do to improve the process of buying protection should be welcomed."
Further reading
ABI sets out principles for insurer use of e-Signatures
How will e-Signatures affect the protection journey?
