TORONTO, ONTARIO--(Marketwired - April 25, 2013) - Symbility Solutions Inc.® (TSX VENTURE:SY)(OTCQX:ATBEF), provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that ACUITY, a property and casualty insurer that operates in 20 states and generates over $1 billion in revenue through 1,000 independent agencies, has signed a multi-year agreement to integrate Symbility into its operations.
"As a technology leader among insurance carriers, ACUITY chooses best-of-breed solutions that enhance the world-class customer and claims service we provide," states Marty Jaeger, Manager - Property Claims. "The Symbility solution integrates well with our next-generation claims technology and allows us to expedite the property estimating process. As a result, we can create faster estimates and service our policyholders more quickly."
"ACUITY joins the growing list of insurance carriers using Symbility's cloud-based property claims processing and estimating solutions and we are proud to be the claims estimating platform of choice for ACUITY, a leading insurance brand," states James Swayze, CEO, Symbility Solutions. "Recognizing their deep commitment to customer service, we are confident that the mobility and seamless flow of data driven by Symbility's platform will be of great benefit to ACUITY's policyholders."
ACUITY will implement Symbility's Claims Connect®, an innovative property and casualty claims workflow management software that will streamline the claims estimating process by reducing cycle time and increasing accuracy in all aspects of the claims handling process. ACUITY will also use Symbility Mobile Claims®, the industry's most intuitive smartphone and tablet-enabled field estimating solution in enhancing adjuster and third-party contractor productivity.
ACUITY, headquartered in Sheboygan, Wisconsin, is a property and casualty insurer that operates in 20 states, generates over $1 billion in revenue through 1,000 independent agencies, and manages nearly $3 billion in assets. Named the Best Medium-Sized Place to Work For in America by the Great Place to Work Institute, ACUITY employs over 900 people.
About Symbility Solutions Inc.
Symbility Solutions (TSX VENTURE:SY)(OTCQX:ATBEF) is a global software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Symbility® and Adjudicare®.
The Symbility platform is a leading-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh ("MSB"), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB's Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively. Symbility Mobile Claims is now available as a free Android™, iPad® and iPhone® application.
Adjudicare is an advanced, practical cloud-based software solution used by a network of Employee Benefits Brokers, Third-Party Administrator partners, plan members and plan sponsors across Canada in the adjudication of health and dental claims. Adjudicare's rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners' customers optimum flexibility, along with transparent disclosure on the benefit plan's financial performance. Member and administrator portals, as well as Adjudicare's centralized database, are all available on the same cloud-based platform and can be accessed seamlessly anytime by any user. Adjudicare UnionPro is the only web-based Hour Banking product to provide unions a worry-free solution to track their members' hour banking, benefit plan eligibility, and contribution data.
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