Symbility Solutions, Inc.

Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

March 22, 2010 12:59 ET

Symbility Debuts New First Notice of Loss Estimating Technology

Symbility Inside Adjuster launches during the 2010 Property Loss and Research Bureau Claims Conference

TORONTO, ONTARIO--(Marketwire - March 22, 2010) - Symbility Solutions, Inc., a wholly-owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is proud to announce the launch of its newest claims software solution, Symbility Inside Adjuster. Symbility Inside Adjuster will aid insurers in quickly estimating the scope of a loss during the first notice of loss (FNOL) without necessarily requiring escalation to field adjusting.

Symbility Inside Adjuster's simple six step process visually guides users through collecting data from the insured ensuring that all loss data is captured while the insured's retention of loss details is still current. Data is checked against the insurer's pre-defined claim handling standards for deviations from best practices. Fulfillment of the claim may take the form of instant settlement or escalation to the field, dependent upon the insured's mandates determining the complexity of the claim. As with all Symbility products, Symbility Inside Adjuster's open architecture design allows the integration of claims data into the entire claims settlement process across multiple applications. FNOL information can connect into claims management systems, policy systems and billing systems, regardless of the platform being used. 

With a continued focus on integrated claims technology and adapting to the ever-changing needs of its client base, Symbility Inside Adjuster was designed to connect disparate segments of the claims process and reduce settlement times. This breakthrough approach to settling simple losses at FNOL will aid insurers in their goal of shortening cycle times, improving customer service standards and overall, retaining customers. 

"We are very proud of the Symbility Inside Adjuster application and its innovative, integrated concept," states James Swayze, CEO, Symbility Solutions, Inc.. "Having successfully deployed this solution to insurers in the United Kingdom, I am confident of the effect it will have on the North American market as well. The launch of Symbility Inside Adjuster demonstrates our commitment to the continuous development of new technologies for the property and casualty industry."

For more information on Symbility Inside Adjuster and Symbility Solutions, visit www.symbilitysolutions.com.

About Automated Benefits Corp.

Automated Benefits Corp., headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The Corporation currently has two subsidiaries, Automated Benefits Inc. and Symbility Solutions Inc.

Symbility Solutions automates property insurance claims through its two complementary components. Symbility Claims Connect is the collaborative workflow management tool that gives every claim participant real-time access to the claims they are working on. Symbility Inside Adjuster is an integrated application designed to streamline the first notice of loss process for the faster settlement of claims. Its award-winning Symbility Mobile Adjuster software is an estimating tool that increases speed, efficiency and accuracy by allowing on-site claims processing. Symbility software solutions give users the mobility, speed and control needed to effectively and quickly move onto the next claim. 

Automated Benefits Inc. provides the Adjudicare software solution for the adjudication of health and dental claims. This software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan's financial performance. Automated Benefits Inc. enables their clients to provide an additional level of value-added service in a very cost effective manner. The Adjudicare software supports the adjudication of health and dental claims through local insurance brokers across Canada.

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.

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