SOURCE: Symbility Solutions Inc.

Symbility Solutions Inc.

October 27, 2015 08:00 ET

Electric Insurance Shifts to Symbility's Claims Settlement Technology

TORONTO, ON--(Marketwired - October 27, 2015) - Symbility Solutions Inc. (TSX VENTURE: SY), a global software company dedicated to developing applications for the insurance industry, is pleased to announce that, following an extensive competitive evaluation, Electric Insurance Company®, a GE affiliate, has signed a multi-year contract to implement Symbility's cloud-based claims settlement technology into its operations.

Electric Insurance selected Symbility's Claims Connect®, an innovative and easy-to-use property and casualty claims workflow management solution that will streamline the claims estimating process by reducing cycle time and increasing accuracy in all aspects of the claims handling process, and Symbility Mobile Claims®, the industry's most intuitive mobile-enabled field estimating solution for enhancing adjuster and third-party contractor productivity.

"Our positive experiences with Symbility's innovative estimating platform and the level of responsiveness we received from their staff were important factors in our selection," commented Ryan Lawlor, Property Claims Manager, Electric Insurance Company. "We are excited about how the added functionality will allow us improve on our already exceptional service to our policyholders, building on the brand and reputation we've established in the industry."

"As a former employee of General Electric myself, I think of Electric Insurance fondly and am very proud to add them as the latest customer to the Symbility Family," said James Swayze, CEO, Symbility Solutions. "We are impressed by their focus on providing excellent customer service and are proud to partner with them to provide technology tools be able to meet the needs of their policyholders in a fast-moving insurance market."

About Electric Insurance Company

Electric Insurance Company is a national, leading provider of personal and commercial lines insurance products. Established in 1966 to specifically serve GE employees, Electric Insurance now extends its superior personal lines products and outstanding service to discerning consumers inside and outside of the GE community. Electric Insurance Company -- with a credit rating of "A" from A.M. Best -- offers its auto, homeowners, condo, tenants, and umbrella insurance online at www.ElectricInsurance.com, by telephone at 800.227.2757 and through select independent agents.

About Symbility Solutions® Inc.

Symbility Solutions (TSX VENTURE: SY) is a global provider of cloud-based and mobile-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions' two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. Symbility's mobile innovation division, BNOTIONS, focuses on the design and development of leading technologies in the areas of mobile, the Internet of Things (IoT), Machine-to-Machine (M2M), and wearables. For more information, please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.

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