Automated Benefits Corp.

Automated Benefits Corp.
Symbility Solutions Inc.

Symbility Solutions Inc.

October 11, 2011 08:00 ET

Symbility Mobile Claims® to Be Available on Smartphones and Tablets

Easy and Reliable On-Site Loss Estimating Anytime and Anywhere

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) - Symbility Solutions Inc.®, a wholly owned subsidiary of Automated Benefits Corp.® (TSX VENTURE:AUT), a leader in property insurance claims settlement solutions, announced today that their Symbility Mobile Claims award winning web-based solution, will be available on a variety of different smartphones and tablets, such as iPhone, iPod, iPad, Playbook, Android and Windows Mobile, in 2012. Symbility Mobile Claims is an estimating tool designed to improve efficiency, customer service and speed during the estimation process. Accessible from any personal computer, and soon popular handheld smart-devices and tablets, the application incorporates measurements, diagrams and pricing databases to create property and casualty claim estimates quickly, easily and in many cases, just one site visit.

In the October 2011 Insurance & Technology article 13 Keys to Mobile Claims Success, Senior Forrester Research, Inc. Analyst, Ellen Carney, predicted "there are many interesting applications that look at the way adjusters do their jobs. In 10 years, the tablet is going to be something you can crinkle up like a piece of paper and shove in your pocket. I truly believe the tablet will become the next clipboard."

According to Marc-Olivier Huynh, Chief Technology Officer, Symbility Solutions, "adding our solution to smartphones and tablets is a natural evolution of our product. Since our inception we have always provided robust and complex estimating solutions to the property and casualty market, starting with the pen-based handheld platforms back in the early 2000s. With more and more insurers arming their field staff with smart-devices, they are looking to vendors like us to provide applications that enable their employees to do their job quickly and efficiently, anywhere at any time. With our current application installed on these dynamic devices, field adjusters and building contractors will have the ability to draw any type of diagram, build estimates and add items, photos, journal entries and support forms directly from their smartphone or tablet. They will be able to experience even more control, flexibility, visibility and accuracy to estimate and process claims on-site, resulting in a faster and better claims experience for our clients, and more importantly their policyholders."

Automated Benefits Corp. also announced that it has satisfied its obligation to pay independent director fees for the period commencing July 1, 2010 to December 31, 2010 by issuing shares. Following the approval of the TSX Venture Exchange, the Corporation issued 80,337 Common Shares with a deemed value of $0.255 per share (for an aggregate value of $20,486) to the independent directors of the Corporation. Such aggregate value is the aggregate net amount owing to the independent directors after making all statutorily required source deductions.

About Automated Benefits Corp.

Automated Benefits Corp.® is a software company dedicated to developing applications for the insurance industry in North America and Europe. The Corporation currently has two platforms: Symbility® and Adjudicare®.

Symbility automates property insurance claims through its three complementary software components which afford users the mobility, speed and control needed to efficiently and quickly move onto the next claim. Symbility Claims Connect® is the collaborative workflow management tool that gives every claim participant real-time access to the claims they are working on. Symbility Inside Adjuster™ is an integrated application designed to streamline the first notice of loss process which leads to faster settlement of claims. Symbility Mobile Claims® software is an estimating tool that increases speed, efficiency and accuracy by allowing on-site claims processing.

Adjudicare is a software solution used by local insurance brokers and third party administrators across Canada in the adjudication of health and dental claims. Adjudicare's software pays claims in real time giving their customers optimum flexibility along with transparent disclosure on the benefit plan's financial performance.

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