Symbility Solutions Announces Contract renewal from AXA Konzern AG

TORONTO, Feb. 15, 2017 /CNW/ - Symbility Solutions Inc. ("Symbility" or the "Company") (TSX.V: SY), a global software company focused on modernizing the insurance industry, is pleased to announce that AXA Konzern AG, a division of the AXA Group and a leading German primary insurance provider, has renewed its contract with Symbility for an additional multi-year term to continue deploying the Company's industry leading property claims software Symbility Claims Connect® and Symbility Mobile Claims®.

"We are very pleased that AXA Konzern AG has elected to continue working with us and utilizing our software on a global scale," said James Swayze, Chief Executive Officer of Symbility Solutions. "With over 8 million clients and over €10.6 billion in premium income, the AXA Group is one of the worlds leading insurance providers and one we are proud to work so closely with.  We view this as a testament to the reliability and effectiveness of our solutions and our commitment to ensuring that our clients have the tools they need to deliver a transparent solution to their own clients."

"Symbility's technologies have exceeded our expectations of what a claims software should be able to accomplish, and we have been very pleased with the functionality of both Claims Connect and Mobile Claims," said Ralf Eisenhauer, Head of Claims Field Adjusters at AXA Konzern AG. "Our relationship with the team at Symbility has been excellent since we started working with them and they have been supportive in managing our unique needs accordingly. We look forward to continuing this relationship with them for the foreseeable future."

About Symbility

Symbility (TSX.V: SY) believes in creating world-class experiences that simplify business and improve lives. With a history in modernizing insurance claims solutions for the property and health industries, Symbility has established itself as a partner that puts security, efficiency and customer experience first. Symbility PROPERTY™ brings smarter thinking to property insurance. Symbility HEALTH™ helps benefits professionals build their brands and businesses. Our strategic services team, Symbility INTERSECT™ empowers a variety of businesses with smarter mobile and IoT product development strategy, design thinking and engineering excellence. With our three segments pushing industries forward, Symbility proves that change for the better is entirely possible.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All trade names are the property of their respective owners.

SOURCE Symbility Solutions Inc.

For further information: James R. Swayze, Chief Executive Officer, (647) 775-8603,; Blair R. Baxter, Chief Financial Officer, (647) 775-8608,; Lucy De Oliveira, Global Marketing Director, (647) 775-8607,; Babak Pedram, Investor Relations, (416) 644-5081,


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