Symbility Solutions Announces Contract with U.S. Based Insurance Company

TORONTO, Feb. 9, 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 they have been selected by a U.S. based specialty insurer and reinsurer to integrate Symbility's claims technology into its operations.

"We are very pleased to have secured a contract with one of the oldest and most reputable insurance companies in the United States. As a specialty insurer, they write coverage on behalf of hundreds of multi-line insurance companies and they have chosen to use Symbility's cloud based platform to manage the workflow with their partners," said James Swayze, CEO of Symbility Solutions. "This usage expands the utility of our platform beyond simply estimating and is the result of our ease of integration and robust security. As they are a subsidiary of one of the largest insurance groups in the world, we hope to leverage this relationship into some of their affiliated companies globally."

The insurer will deploy the Symbility platform throughout their networks across the United States, including the use of Symbility's Claims Connect®, an innovative and robust property and casualty claims workflow management software that streamlines the claims estimating process by reducing cycle time and increasing accuracy in all aspects of the claims handling process.

Symbility Claims Connect® allows service providers to:

  • Establish and oversee a consistent property claims process for all claim participants.
  • Interact seamlessly with their existing Claims Management System and provide real-time notifications of important events.
  • Gain valuable insight into field operations.
  • Measure operational performance and identify opportunities for additional focus.

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. symbilitysolutions.com

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, jswayze@symbilitysolutions.com; Blair R. Baxter, Chief Financial Officer, (647) 775-8608, bbaxter@symbilitysolutions.com; Lucy De Oliveira, Global Marketing Director, (647) 775-8607, ldeoliveira@symbilitysolutions.com; Babak Pedram, Investor Relations, (416) 644-5081, bpedram@virtusadvisory.com

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