Context

Our global customer insures 75+ financial institutions to which they must produce disclaimers for each insurance product they provide. Every disclaimer is specific to each financial institution and has 5 different media types, 12 products, 27 product features.

Challenge:
Endless Disclaimer Forms

By providing for a large variety of financial institutions, our customer manually managed hundreds and thousands of disclaimers of different types. Further to this, an arduous approval process is conducted each time a disclaimer is authored. Overall, this procedure to create disclaimer statements was extremely inefficient and agonising for their employees and clients.

Checkbox Solution:
Automated Forms

In just a week, we were able to use our drag-and-drop feature on the Checkbox platform to build an automated disclaimer generation tool that contained predefined rules and content tailored by our client’s legal team.

Benefits:
Increased Efficiency

Because the disclaimers are generated compliant by design, our customer was also able to eliminate large elements of the approval process. Further, given that this application becomes a single-source of truth, any changes to the disclaimers in the future can be easily made and distributed across the organisation in a standardised and efficient manner.