Press release from Marketwire
Symbility and Enservio Partner to Offer Integrated Claim Solution
Combined Solution Reduces Time-To-Resolution for Both Structural and Contents Claims
Monday, March 17, 2014
Symbility and Enservio Partner to Offer Integrated Claim Solution08:00 EDT Monday, March 17, 2014
INDIANAPOLIS, INDIANA--(Marketwired - March 17, 2014) - (PLRB Conference) - Symbility Solutions (TSX VENTURE:SY)(OTCQX:ATBEF), and Enservio today announced a partnership agreement integrating Enservio's contents claims valuation software with Symbility's structural estimating cloud and mobile products. The combined solution creates a single sign-on, best-of-breed claims settlement application that empowers adjusters to estimate and process both contents and structural claims in a more streamlined fashion. Joint customers benefit from a greatly reduced time-to-resolution on property claims while adjusters can realize improved productivity gains and faster customer settlements.
Enservio, Inc. is a provider of contents inventory, valuation, and payment services that allow property insurers to price policies correctly upfront and settle contents claims quickly and accurately. Symbility Solutions Inc.® (TSX VENTURE:SY) is a provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the P&C insurance industry.
As part of the agreement, Enservio's ContentsExpress™ application and its rich contents database of over 8 million retail products will be integrated with Symbility's robust suite of collaborative cloud-based claims solutions.
ContentsExpress enables adjusters to collect and review insured inventories, receipts, and photos, adjust contents estimates, and issue contents settlement reports. Adjusters get immediate access to pricing data on millions of consumer items to arrive at the most accurate valuations possible, driving an optimal settlement experience which improves customer loyalty.
"We're thrilled that our long-standing relationship with Symbility has resulted in the decision to embed Enservio into Symbility's innovative claim settlement platform," said Enservio CEO Jon McNeill. "Customers and prospects have been demanding an integrated estimating and workflow solution for years. This relationship helps carriers more efficiently service their customers and is a positive development in advancing the industry."
"Enservio is the gold-standard for contents estimating. By integrating our respective platforms, adjusters can deploy a single cloud-based application for both contents and structural estimating," said James Swayze, CEO, Symbility Solutions. "This integration will greatly increase efficiencies and accelerate the settlement process, leading to increased customer satisfaction."
About Enservio, Inc.
Enservio® software and services help you solve one of the biggest issues in property insurance - knowing what's inside an insured's home or business. This visibility helps you right-price your policies upfront, settle claims quickly and accurately, manage replacements to keep customers happy, as well as run your business more efficiently. Founded in 2004, headquartered in Needham, MA, with offices and professional staff across the U.S. Enservio is a strategic partner of the National Insurance Crime Bureau (NICB) in their continued fight against insurance fraud. For additional information, please visit the company's web site www.enservio.com or call 888.567.7557. Connect with Enservio via LinkedIn (http://us.linkedin.com/company/enservio), Twitter (https://twitter.com/enservio), and Facebook (https://www.facebook.com/enservio).
Enservio is a registered trademark; ContentsExpress, is a trademarks of Enservio, Inc. All other trademarks referenced are the property of their respective holders.
About Symbility Solutions Inc.
Symbility Solutions® (TSX VENTURE:SY) 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:
Symbility Solutions Inc.
Lucy De Oliveira
Symbility Solutions Inc.