Automated Benefits Corp.
TSX VENTURE : AUT

Automated Benefits Corp.

June 07, 2006 11:47 ET

Automated Benefits Corp. Signs Additional U.S. Insurance Company

WATERLOO, ONTARIO--(CCNMatthews - June 7, 2006) -

First Insurance Company of Hawaii, Ltd. Selects Symbility Solutions mobile claims™ System to Improve Processing Efficiency

Symbility Solutions, a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT) today announced First Insurance Company of Hawaii, Ltd. (FICOH) has selected the Symbility mobile claims solution to improve the accuracy and speed of its claims processing by allowing the on-site collection of loss information.

"We are pleased to bring our mobile claims solution to another U.S. customer, enabling them to improve their efficiency and better serve their clients," said James Swayze, CEO at Symbility Solutions. "Considering that their top priority is achieving the highest level of customer satisfaction, FICOH immediately saw how Symbility could improve their services."

As the oldest and largest property and casualty insurer domiciled in Hawaii , FICOH recognized the need to automate processes, control costs and improve efficiency. Symbility's solution provides FICOH claims adjusters with the mobility required to collect data at the insured's site and resolve claims quickly and accurately. Paying on a per-claim basis, the Symbility solution requires no up-front costs or license fees.

"We looked at other products in our efforts to streamline our claims-processing capabilities, but Symbility's mobile claims solution was by far the easiest to use," said Mike Nonaka of First Insurance. "The Symbility team was very helpful in addressing all of our questions and concerns. Our adjusters are very excited about the opportunity to move into a modern electronic estimating environment."

For more information about Symbility's mobile claims solution, visit www.symbilitysolutions.com.

About First Insurance Company of Hawaii

First Insurance Company of Hawaii, Ltd. is the oldest and largest property and casualty insurer domiciled in Hawaii, with assets totaling more than $400 million and liabilities of $299 million. First Insurance offers a broad array of personal, commercial and specialty insurance lines. Nearly a century old, First Insurance enjoys an "A" (Excellent) rating from A.M. Best Co., whose ratings are widely recognized as a benchmark of an insurer's financial strength. First Insurance is jointly owned by CNA Financial Corporation and Tokio Marine & Nichido Fire Insurance Company, Ltd.

About Automated Benefits Corp. and Symbility Solutions

Automated Benefits Corp. (www.autoben.com), headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The corporation currently has two subsidiaries, Autoben and Symbility.

Symbility Solutions (www.symbilitysolutions.com) has developed a mobile claims system focusing principally on residential and commercial property claims estimation for use by insurance company adjusters and independent contractors. Symbility has offices in Waterloo, Ontario and Montreal, Quebec. Autoben is focused on the employee benefit segment of the life insurance industry. Located in Edmonton, Alberta, Autoben provides claims management software for health and dental plans in addition to insurance products for employer groups. The proprietary software of Autoben, ABI, assists in reducing the cost of employee benefits programs by allowing local adjudication and administration to over 23,000 employees across Canada.

All trade names are the property of their respective owners.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Automated Benefits Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Automated Benefits Corp.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Automated Benefits Corp.
    James R. Swayze
    President and Chief Executive Officer
    (416) 359-9339