Symbility Solutions Inc.

Symbility Solutions Inc.

January 23, 2013 08:00 ET

Symbility Solutions Celebrates Another Successful Customer Symposium

TORONTO, ONTARIO--(Marketwire - Jan. 23, 2013) - Symbility Solutions Inc.® (TSX VENTURE:SY) provider of cloud-based claims technology using the most comprehensive data for the property and casualty insurance industry, successfully concluded their 3rd annual Symbility Symposium that was held at the Marriott Sawgrass Resort & Spa - home of the world famous TPC Sawgrass Stadium Golf Course, annual host of The Players Championship.

This year's Symposium brought together a diverse claims community including mitigation specialists, restoration contractors, independent adjusters, third party administrators, material suppliers and additional partner vendors, plus half of the top 10 property insurance companies in the market, to network, collaborate and discuss the future of the property and casualty industry and how we can collectively improve the claims experience for all participants.

Event Highlights

The event kicked off with welcoming comments from Symbility's CEO James Swayze, followed by a dynamic and insightful keynote presentation from Don Tapscott, one of the world's leading authorities on innovation, media and the economic and social impact of technology. He has authored or co-authored 14 widely read books including most recently Macrowikinomics: New Solutions for a Connected Planet (Revised Paperback, 2012). Marc-Olivier Huynh, CTO & Founder of Symbility Solutions highlighted Symbility's product roadmap, including a demonstration of the Symbility Mobile Claims product on an iPad.

Ellen Carney, Senior Analyst, Forrester Research, kicked off the afternoon with a presentation on the importance of achieving a great customer experience and provided adoption trends and best practices in the property and casualty insurance industry as illustrations. The day concluded with an executive panel discussion made up of company CEO's in the insurance industry, from carrier through to the supply chain, focused on the current challenges facing the property and casualty industry in improving the customer experience.

"Our goal for the Symbility Symposium was to provide an intimate forum for our customers and partners to discuss, debate and share best practices," commented James Swayze, CEO, Symbility Solutions. "Since our inception we have espoused the principles of collaboration, openness and data sharing to improve the customer experience and our conference was a terrific example of practicing what we preach. I would like to thank everyone who attended and participated, making this symposium our best one yet."

We would like to thank our sponsors, Marshall & Swift/Boeckh, CCA Global Partners, HSG/CodeBlue, CRDN, The Home Depot, ITEL Laboratories, Rytech, BELFOR Property Restoration, and Enservio who helped us make this event such a success.

About Symbility Solutions Inc.

Symbility Solutions Inc.® (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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