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Florida Peninsula Insurance Chooses eSignSystems to Automate Insurance Processes for Independent Agents and Consumers

Florida Peninsula Insurance Chooses eSignSystems to Automate Insurance 
Processes for Independent Agents and Consumers 
Review, Sign and Administrate Insurance Policies Online; FPI
Incorporates Electronic Signing to Provide More Convenience, Faster
Processing and Improved Policy Claims Service 
LEE, MA -- (Marketwire) -- 03/25/13 --   eSignSystems, a division of
Wave Systems Corp. (NASDAQ: WAVX), today announced that Florida
Peninsula Insurance (FPI) has chosen to integrate electronic signing
and management technology from eSignSystems. This will directly
benefit Florida Peninsula's independent agents and consumer policy
holders alike, offering the ability to review, sign and administrate
policies remotely -- wherever and whenever it's convenient for them.
FPI also benefits from full electronic capture and access to
documents, streamlining compliance with evolving insurance
regulations and ensuring the fastest response when policy holders
need it most -- when filing claims. 
Since its founding in 2005, FPI has grown to become one of the
largest homeowners' insurers in Florida, serving more than 140,000
policyholders. In a challenging industry and a hurricane-prone state,
FPI attributes its growth and success to its dedicated approach of
partnering with independent agents and policyholders. Florida
Peninsula provides what agents and policyholders expect and deserve,
while investing in the people and technology to continually improve
and raise the bar for insurance.  
Integrating eSignSystems' SmartSAFE will provide faster, legally
binding electronic signatures and secure electronic delivery,
reducing costs and processing time for online insurance application
submissions, streamlining underwriting and speeding claims processing
for consumers. Independent agents can sign and complete insurance
policies remotely from the office or a client's home, maximizing
usage of tablets and laptops. They gain increased document integrity
-- while reducing repetitive re-keying of data and tedious review of
unreadable faxes.  
"Our partnership with eSignSystems provides excellent technology for
our agents and insureds," said Chris Chandler, Director of Operations
for Florida Peninsula Insurance. "To get a policy, file a claim or
make changes to a policy all from the comfort of your home fits well
with our pledge to provide Fast, Fair, and Friendly service. We
continually strive to raise the technology bar, and our network of
independent agents appreciate the ease of doing business with Florida
Peninsula. With electronic signature, agents will gain additional
efficiencies and make doing business with us that much easier." 
Electronic Integration with Third-party Policy Administration Systems 
Florida Peninsula's move to electronic document signing and
management is further strengthened by direct integration with FPI's
policy administration system. This provides full eDocument management
throughout the life of the policy -- including secure transmission
and storage of the signed & completed document within easy searching
capabilities of the Florida Peninsula's policy administration system.
This ensures easy access for claims without searching a warehouse or
independent agent file cabinets. It also provides a complete audit
trail for proof of compliance, and flexibility adapting to new
regulations in an insurance industry that continues to improve
governance.  
"Florida Peninsula is leading the way as one of the first insurers to
integrate electronic signatures from initial application of a policy
all the way through to the policy admin system," said Kelly Purcell,
Executive Vice President of Wave's eSignSystems division.
"Incorporating eSignatures into the entire lifecycle of the policy is
truly creating a straight-through process, and can reduce the time
and cost of insurance for real benefit to every party involved." 
About SmartSAFE
 The eSignSystems' SmartSAFE software has been
deployed worldwide in financial services, insurance, government and
healthcare sectors. Maintaining electronically signed records is
essential to the lifecycle of legally binding transactions. Once
created, these electronic records are verified for authenticity and
are securely deposited in SmartSAFE. All records are verified and
authenticated from eDelivery through eRetention; ensuring that the
access or signing credential (i.e. digital certificate, username or
password) is verified and that the records remain free from
tampering. Additionally, the SmartSAFE continuously updates the
status of the transaction's execution for up-to-the-minute reporting
purposes. SmartSAFE software can either be licensed for
private-labeled, on-premise deployment or is available through
eSignSystems' Solution Providers. 
About eSignSystems
 eSignSystems, a division of Wave Systems Corp.
(NASDAQ: WAVX), is a leading provider of lifecycle management of
electronically signed, legally binding documents, contracts and
digital transactions. SmartSAFE enables companies to manage business
processes and transactions entirely online. Organizations can address
certain regulatory compliance issues, improve productivity and
efficiency in processing transactions, and achieve significant cost
savings through the elimination of document transportation costs,
processing and storage. For more information, visit
www.esignsystems.com. 
Safe Harbor for Forward-Looking Statements
 Except for the statements
of historical fact, the information presented herein constitutes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include general
economic and business conditions, the ability to fund operations, the
ability to forge partnerships required for deployment, changes in
consumer and corporate buying habits, chip development and
production, the rapid pace of change in the technology industry and
other factors over which Wave Systems Corp. has little or no control.
Wave Systems assumes no obligation to publicly update or revise any
forward-looking statements. 
All brands are the property of their respective owners. 
Contacts:
Public Relations
Mike Schultz
Message Infusion, LLC
978-496-1012
mike@messageinfusion.com 
Company
David Hunter
eSignSystems
609-297-4037
dhunter@esignsystems.com 
 
 
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