Symbility Solutions Inc.

Symbility Solutions Inc.

October 15, 2012 08:00 ET

Mountain West Farm Bureau Insurance Signs Contract With Symbility

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2012) - Symbility Solutions Inc.® (TSX VENTURE:SY), provider of cloud-based claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that Mountain West Farm Bureau Mutual Insurance Company, a multi-line insurance organization, serving the needs of individuals, families, and businesses throughout Wyoming and Montana, has signed a multi-year agreement to integrate Symbility into its operations.

Mountain West Farm Bureau will integrate Symbility Claims Connect® to process all of its property insurance claims across its network of adjusters with their new claims management system for an end-to-end streamlined solution. Mountain West Farm Bureau will also look to implement Symbility Mobile Claims®, an estimating tool designed to improve efficiency, accuracy, and speed during the estimation process. Accessible from any personal computer, the application incorporates measurements, diagrams and relies on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh ("MSB"), to create claim estimates quickly, accurately and in many cases, in just one site visit.

Jeff Suloff, Vice President of Claims, Mountain West Farm Bureau Mutual Insurance Company, comments, "Our partnership with Symbility has come about after a thorough review of the market and our previous experience with the IntegriClaim solution. We are firmly convinced that the Symbility platform along with MSB's property cost data is the best in the marketplace to support our unique business model. In the hands of our experienced adjusters, Symbility will provide us with a powerful tool to deliver quality service to our customers."

"We are excited to have Mountain West Farm Bureau join the growing list of companies using Symbility's cloud-based claims technology," states Jeff Brinkman, Vice President of Sales, Symbility Solutions. "We look forward to a long relationship with them to further enhance the quality of service for their customers as they transform their claims estimating process."

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: Symbility® and Adjudicare®.

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.

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.

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