Symbility Solutions Inc.

Symbility Solutions Inc.

October 17, 2012 08:00 ET

Assure Group Benefits Sign Agreement With Adjudicare

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2012) - Adjudicare®, a division of Symbility Solutions Inc.® (TSX VENTURE:SY), is pleased to announce the formalization of a signed contract with Assure Group Benefits ("Assure"), of Vancouver, British Colombia for the use of Adjudicare, a web-based software solution that enables insurance brokers and third-party administrators across Canada to adjudicate health and dental claims on behalf of their group benefit clients.

Founded in 2007, Assure Group Benefits provides flexible, cost-effective and comprehensive employee benefit packages to various groups in the greater Vancouver area. In order to offer increased flexibility of plan designs to plan sponsors, and an even higher standard of service to their clients, Assure has proceeded with the implementation of Adjudicare to bring claims administration in-house. Assure will transition all of their existing accounts to the platform and their valued clients will benefit from localized claim payment services, access to online claims and administration portals, and significantly reduced claims payment times.

"After working with another industry provider for several years, we felt that the Adjudicare platform will allow us to take our business to the next level. We have always looked to ensure that we are using the best technology available to deliver superior benefit plans," states, James Kennedy, President, Assure Group Benefits. "After spending some quality time with other partners, strategic vendors and employees at the Adjudicare Partner Summit, our decision to deploy the Adjudicare solution was an easy one to make. The high standard that the Adjudicare team has shown us to date will allow us to provide better plans, with greater cost containment to our clients."

"We are pleased to add another reputable, experienced and passionate benefits partner like Assure Group Benefits to our growing list of clients. This new partnership continues to prove that Adjudicare has a compelling value proposition," states, Richard Adair, President of Adjudicare. "I am proud that they see value not only in the Adjudicare technology, but in the network of strategic vendors we have built across Canada and what it can do to enhance their business in this ever-competitive market. I look forward to a successful and long lasting partnership for both of our organizations."

About Symbility Solutions Inc.

Symbility Solutions (TSX VENTURE:SY) is a progressive software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Adjudicare® and Symbility®.

Adjudicare is an advanced, practical web-based software solution used by a network of Employee Benefits Brokers and Third-Party Administrator partners 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.

The Symbility platform is a cutting-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.

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