Electronic signature
logo LINXEA
Finance

Linxea doubles online life insurance subscriptions with Oodrive Sign

100K

customers

Solution deployed
90

employees

« The Oodrive Sign solution is a real growth driver for Linxea. Since its integration into our customer journey, the volume of contracts signed has increased by 75%. »
Antoine Delon, 
President of Linxea

Linxea has been a leader in online life insurance and savings since 2001. The company’s mission is to make savings accessible to as many people as possible by offering a wide range of low-cost products. Registered with the French Financial Markets Authority (AMF) and the Organization for the Register of Insurance Intermediaries (ORIAS), the company carries out regulated activities. Its teams support customers in the following four areas: savings, retirement, real estate, and tax exemption.

To support the expansion of online insurance subscriptions and offer a simplified customer journey, Linxea has adopted Oodrive Sign, the secure and eIDAS-compliant electronic signature solution. Initially, Linxea offered a subscription process that required customers to return to paper after an initial digital step in order to sign and return contracts by post. This break in the customer journey was a barrier to contracting and required a team of 10 people to manually process the mail. Linxea therefore called on Oodrive to deploy Oodrive Sign, define a new digital contracting process, and ensure the authentication of signatories directly online.

Let’s take a look at the challenges Oodrive Sign had to address and how the tool enabled the company to facilitate online life insurance contracting.

Authentication and electronic signatures tailored to the challenges of life insurance

One of the main challenges of online contracting for a life insurance product is providing guarantees regarding the identity of a potential subscriber. To comply with the regulatory framework for online brokerage (particularly for anti-money laundering) and guarantee the probative value of digital contracting, Linxea opted for an advanced signature level. Thanks to the prior verification of identity documents and the authentication of the signatory via an SMS , and an electronic certificate, insurers have strong guarantees regarding the identity of the subscriber.

« The transition to electronic signatures was a strategic project for the development of our business, and Oodrive’s solidity and leading position immediately reassured us of their ability to support us in this major transformation. »
Antoine Delon, 
President of Linxea

New roles for Linxea teams and strong business growth

The switch to electronic signatures has had a very positive impact on Linxea’s business development and productivity.

Following the immediate subscription to the life insurance contract, customer satisfaction has increased and the online conversion rate has risen by 30%. Internally, the 10 employees of the Middle Office team, previously responsible for processing mail, have moved on to new commercial or regulatory monitoring responsibilities.

Oodrive’s decisive support

For Linxea, it was essential to receive advice on the technical and legal considerations involved in online brokerage. Antoine Delon, President of Linxea, explains the decisive role played by the Oodrive teams:

  • They clarified all the legal aspects for us, guiding us in choosing an advanced signature level that was suited to our regulatory framework and our customers’ practices.
  • We also needed to be supported by technical experts who could communicate directly with our insurance partners to create new protocols.
  • Finally, thanks to the advice and expertise of the Oodrive teams, the Oodrive Sign API was integrated in just a few days and completely customized to Linxea’s branding.

The benefits of Oodrive Sign

Contract integrity and compliance

Thanks to Oodrive Sign’s Secure Authentication, Linxea guarantees compliant and secure online subscriptions, thereby strengthening customer confidence and contract integrity.

Increased growth and productivity

Thanks to Oodrive Sign, Linxea has seen a dramatic 75% increase in signed contracts, freeing up internal resources for more strategic tasks.

Tailored support from A to Z

Oodrive’s support at every stage provides valuable technical and legal expertise while customizing the solution to maximize market adoption.

To learn more, contact us.

Image vague