Press release from Marketwire
Symbility Solutions' Partner Innovation Group Plc. Signs Major Contract With a Leading UK Insurer Lloyds Banking Group
Symbility Adopted by All the Top Insurers in the UK
Tuesday, October 22, 2013
Symbility Solutions' Partner Innovation Group Plc. Signs Major Contract With a Leading UK Insurer Lloyds Banking Group08:00 EDT Tuesday, October 22, 2013
TORONTO, ONTARIO--(Marketwired - Oct. 22, 2013) - Symbility Solutions Inc.® (TSX VENTURE:SY)(OTCQX:ATBEF), provider of cloud-based and smartphone/tablet-enabled claims technology for the property and casualty insurance industry, is pleased to announce that Lloyds Banking Group ('LBG'), one of the largest domestic property insurers in the United Kingdom, has signed a contract to integrate Symbility's claims and mobile scoping tool into its organization through Symbility's European partner, The Innovation Group plc. (LSE:TIG.L).
Under the terms of the contract, the Group will provide LBG and all of the organizations that make up LBG's buildings claims supply chain with access to its Innovation Symbility software. LBG and its supply chain partners will use the software to estimate process and complete LBG's domestic property insurance claims.
Andy Roberts, Group CEO, Innovation Group commented: "This contract win cements Innovation Symbility as the UK's market leading solution. I am delighted that LBG have chosen our product as a key enabler for their business and we very much look forward to working with them to achieve their strategic objectives. Our delivery of a SaaS solution on this scale clearly demonstrates our ability to provide leading edge application solutions to the market's largest carriers."
"The fact that Lloyds Banking Group, one of the key players in the property insurance industry in the UK, has joined our valued client base proves that Symbility's cloud-based technology is paving the way in simplifying and streamlining how property claims are estimated and settled," stated Richard Adair, President and Chief Operating Officer, Symbility Solutions Inc. "Symbility is now the leading claims estimation software provider to the property industry in the UK and Europe which validates the market's confidence in our products and services."
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.
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Lucy De Oliveira
Symbility Solutions Inc.
President & COO