Symbility Solutions Named Tech Company to Watch by Independent Research Firm
20 October 2010 - 11:00PM
Marketwired
Symbility Solutions, Inc., a wholly-owned subsidiary of Automated
Benefits Corp. (TSX VENTURE: AUT), is proud to announce its
inclusion in the Forrester Research, Inc., report "Hot Insurance
Tech Companies to Watch in 2010: Q2 Update," highlighting
innovative technology companies within the insurance industry.
Identified as an emerging business technology for property and
casualty insurers, the three components of Symbility's product
suite are named as part of an integrated solution for property
claims insurers. With fewer than six percent of all homeowners
making claims each year, an insured's satisfaction level may only
be attributed to a single claim experience. Symbility's software
solutions are designed to shorten the claims cycle, integrate
existing claims technology solutions and simplify the process for
insurers by taking insureds from first notice of loss (FNOL) to
settlement.
"Validation of our software platform by a research firm the
stature of Forrester is a major accomplishment for our team,"
states Symbility Solutions CEO James Swayze. "Considering the
Forrester following within the insurance industry leadership, this
kind of endorsement is very beneficial to our business development
efforts."
For more information on Symbility Solutions Inc., please visit
www.symbilitysolutions.com.
About Automated Benefits Corp.
Automated Benefits Corp., headquartered in Toronto, Ontario, is
a software company dedicated to developing applications for the
insurance industry. The Corporation currently has two subsidiaries,
Automated Benefits Inc. and Symbility Solutions Inc.
Symbility Solutions automates property insurance claims through
its complementary components. 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 for the faster
settlement of claims. Its award-winning Symbility Mobile Claims
software is an estimating tool that increases speed, efficiency and
accuracy by allowing on-site claims processing. Symbility software
solutions give users the mobility, speed and control needed to
effectively and quickly move onto the next claim.
Automated Benefits Inc. provides the Adjudicare software
solution for the adjudication of health and dental claims. This
software adjudicates claims in real time, providing clients with
the highest level of flexibility available along with complete
disclosure on the plan's financial performance. Automated Benefits
Inc. enables their clients to provide an additional level of
value-added service in a very cost effective manner. The Adjudicare
software supports the adjudication of health and dental claims
through local insurance brokers across Canada.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Automated Benefits Corp. James R. Swayze President and
Chief Executive Officer (416) 359-9339, ext. 1003
jswayze@automatedbenefits.com Automated Benefits Corp. Julie Kerwin
Marketing Manager (416) 359-9339, ext. 1027
jkerwin@automatedbenefits.com www.symbilitysolutions.com
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