TORONTO, ONTARIO–(March 6, 2013) – Symbility Solutions Inc.® (TSX VENTURE:SY)(OTCQX:ATBEF), provider of cloud-based claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that Nexxus Solutions Group (Nexxus), a leading mitigation, contractor and service provider management network, has signed a multi-year agreement to integrate Symbility into its operations.
“We are very excited to partner with Symbility, which allows us to offer our clients and future prospects a collaborative, integrated and complete solution. This integrated approach will help us provide enhanced reporting metrics and reduce overall cycle times that translate into a lower expense model,” stated Rick Hayne, CEO, Nexxus Solutions Group. “Utilizing innovative technology is an important and critical component of our offering and Symbility allows our staff to interact, capture and enhance the customer experience which is paramount.”
“We are honored to welcome Nexxus to our growing list of companies using Symbility’s property insurance claims settlement solution,” commented James Swayze, CEO, Symbility Solutions. “We are very committed to supporting strong connections between insurance carriers and their preferred partner networks, and we are proud to be the mobile claims estimating platform of choice for Nexxus, as it validates our integrated, collaborative approach to claims technology.”
Nexxus will implement Symbility Claims Connect®, a cloud-based workflow management solution, a cost effective collaboration tool that will enable Nexxus to interact with their insurance clients and their network members effectively. Nexxus will also utilize Symbility Mobile Claims®, the most intuitive field estimating solution, that will enhance third-party contractor productivity by quickly and accurately generating on-site estimates, reducing time-to-resolution and enhancing the customer experience for their valued policyholders.
About Nexxus Solutions Group
Nexxus Solutions Group is a national managed repair program catering primarily to the needs of the U.S. insurance communities and its policyholders. Clients are seeking one common outcome; to reduce loss costs and associated expenses when settling property claims and enhancing the customer experience. Nexxus Solutions Group oversees and manages the contractor and service provider process of the claim; adding enhanced value to the carriers and their customers through a redefined and focused strategy. Through the most extensive menu of providers and services, Nexxus Solutions Group takes the hassle out of the claim process while giving peace of mind to the carriers and their customers.
Nexxus Solutions Group’s Network improves the claims process by providing a credentialed, licensed and insured network backed by a two-year workmanship warranty for the policyholder.
About Symbility Solutions Inc.
Symbility Solutions (TSX VENTURE:SY)(OTCQX:ATBEF) is a global software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Symbility® and Adjudicare®.
The Symbility platform is a cutting-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh (“MSB”), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB’s Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively.
Adjudicare is an advanced, practical web-based software solution used by a network of Employee Benefits Brokers and Third-Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare’s rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners’ customers optimum flexibility, along with transparent disclosure on the benefit plan’s financial performance.
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