SOURCE: Symbility Solutions Inc.

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July 07, 2016 08:00 ET

Symbility Signs Contract With European Insurer Helvetia Group

TORONTO, ON--(Marketwired - July 07, 2016) - Symbility Solutions Inc. (TSX VENTURE: SY), a global software company focused on modernizing the insurance industry, is pleased to announce that after a successful pilot phase, Helvetia, a Swiss-based insurer with operations throughout Europe, has signed a multi-year contract to deploy Symbility's cloud-based claims settlement technology.

"In order to improve the way Helvetia processes and settles claims, it was essential that we choose a solution that enabled better collaboration with our stakeholders and improved operational efficiencies, starting with the German market first and then potentially the rest of Europe," stated Dr. Detlef Speer, Director of Claims. "Symbility's software platform meets all of our needs, especially from a usability perspective, and we are confident that this intuitive mobile technology will help us continue to provide significantly better service to our customers. We look forward to a continued long-term association with Symbility."

"This new relationship is an important milestone in extending Symbility's presence to the European market and we are excited to add Helvetia to our valued and growing client base," commented James Swayze, CEO, Symbility Solutions. "We look forward to working with them in the European insurance market by providing them the technology tools that continuously improves their policyholder's experience."

Helvetia has chosen Symbility's complete cloud-based claims settlement platform, including Symbility's Claims Connect®, a 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. Helvetia adjusters and third-party contractors will use Symbility Mobile Claims®, the industry's most intuitive mobile-enabled field estimating scoping solution that incorporates measurements, diagrams and pricing databases to create property and casualty claim estimates quickly and easily, resulting in a faster settlement process.

ABOUT HELVETIA

Helvetia Group, in more than 150 years has grown to a successful international insurance group. Today Helvetia has branch offices in its home market Switzerland and in the European region combined markets in the countries Germany, Italy, Austria, Spain and France.

ABOUT SYMBILITY

Symbility (TSX VENTURE: SY) believes in creating world-class experiences that simplify business and improve lives. With a history in modernizing insurance claims solutions for the property and health industries, Symbility has established itself as a partner that puts security, efficiency and customer experience first. Symbility PROPERTY™ brings smarter thinking to property insurance. Symbility HEALTH™ helps benefits professionals build their brands and businesses. Our strategic services team, Symbility INTERSECT™ empowers a variety of businesses with smarter mobile and IoT product development strategy, design thinking and engineering excellence. With our three segments pushing industries forward, Symbility proves that change for the better is entirely possible. symbilitysolutions.com

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