Press release from Marketwire
Symbility Health & Western Life Assurance Launch A Small Group Pooled Insurance Solution
Monday, September 16, 2013
Symbility Health & Western Life Assurance Launch A Small Group Pooled Insurance Solution08:00 EDT Monday, September 16, 2013
TORONTO, ONTARIO--(Marketwired - Sept. 16, 2013) - Symbility Health Inc., a division of Symbility Solutions Inc. (TSX VENTURE:SY) (OTCQX:ATBEF), a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and casualty and health insurance industries, today announced a Small Group Pooled Insurance Solution in partnership with Western Life Assurance, a subsidiary of Western Financial Group, the largest Canadian-owned property and casualty brokerage in Canada.
Together with Western Life Assurance, this new Small Group Pooled Insurance Solution was developed in response to a high demand from Symbility Health's national network of Third-Party Administrators and Brokers as an alternative small-scale component to add to their benefits packages and truly focuses on insurance when catastrophe coverage is required for small to mid-size employee groups. The product includes comprehensive benefits, with life, AD&D, critical illness, emergency travel medical and excess medical. Our Small Group Pooled Insurance Solution allows for coverage for less than five lives on Administrative Services Only (ASO), Health Care Spending Account (HCSA) and Cost Plus plans.
"We are excited at the opportunity to partner with Symbility Health and offer our services to their diverse client base," comments Grant Ostir, President & CEO, Western Life Assurance. "The pooled feature of our comprehensive product offering is ideally suited for small to mid-size companies and will greatly benefit the clients, partners and strategic customers of Symbility Health."
"We are pleased to offer this small group pooled solution to our extensive partner network," states Richard Adair, President & COO, Symbility Solutions. "Several of our partners want to give the flexibility of a Healthcare Spending Account to their client's employees enabling them to have excess coverage for expenses in case of a catastrophic illness. This new small group product will enable them to have the peace of mind with the component of stop loss attached to the product."
About Western Financial Group
Western Financial Group is a diversified insurance company that serves more than 790,000 customers across western Canada. Founded in 1996 and headquartered in High River, Alberta, Western provides personal and business insurance services through more than 160 office locations and affiliates and online at www.westernfinancialgroup.ca. With a skilled team of approximately 1,800 employees, Western is committed to building the strongest insurance brokerage network in Western Canada.
Western Financial Group is a subsidiary of Desjardins Group, the leading cooperative financial group in Canada.
About Symbility Solutions Inc.
Symbility Solutions® (TSX VENTURE:SY) (OTCQX:ATBEF) is a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions' two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. For more information, please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.
All trade names are the property of their respective owners.
FOR FURTHER INFORMATION PLEASE CONTACT:
Symbility Solutions Inc.
Lucy De Oliveira
Western Financial Group
Manager of Sponsorships, Digital and Public Relations
(403) 652-2663 or 1-866-843-9378