The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

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 Group

08:00 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.

All trade names are the property of their respective owners.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Media Contact: Symbility Solutions Inc.
Lucy De Oliveira
Marketing Director
(647) 775-8607
ldeoliveira@symbilitysolutions.com


Symbility Solutions Inc.
Richard Adair
President & COO
(647) 775-8602
radair@symbilitysolutions.com
www.symbilitysolutions.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections