Symbility signs their first major independent adjusting firm to a two year contract
TORONTO, ONTARIO–(Marketwire – March 25, 2008) – Symbility Solutions Inc., a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is proud to announce that Schafer, Wood & Associates has signed a two year contract for use of Symbility’s mobile claims software solution.
Schafer, Wood & Associates is a full service adjusting company that provides independent adjusters to the insurance industry during catastrophic events. The Schafer, Wood & Associates team is comprised of insurance adjusters, catastrophe adjusters, and management personnel who provide claims handling services to clients across the United States and Canada.
“Our relationship with Schafer Wood has gotten off to a great start,” states Boris Znebel, President of Symbility. “Within their first month of service, Schafer Wood has processed more than 2,000 claims. This is an extraordinary feat and we are thrilled that the mobile claims solution has been a part of their recent success.”
“We are very pleased with the Symbility solution and what it has allowed us to accomplish with the recent catastrophic storms in Tennessee,” states Lisa Wood, Vice President of Schafer Wood. “We’ve been able to process more claims in less time which is beneficial both to Schafer Wood and the end users that we serve.”
For more information on Symbility Solutions, visit www.symbilitysolutions.com or call 1.866.SYMBILITY.
About Automated Benefits Corp. and Symbility Solutions
Automated Benefits Corp. (www.autoben.com), headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The corporation currently has two subsidiaries, Automated Benefits Inc. and Symbility Solutions Inc.
Symbility Solutions Inc. is in the business of automating insurance claims. Its award-winning mobile claims solutions are designed to increase the speed and accuracy of damage claims processing by allowing claims adjusters, carriers, and restoration contractors to process claims on-site, resulting in increased customer satisfaction levels. Handwritten notes and post-inspection data entry are eliminated. Complete mobility provides the means to access key information on location and instantly settle claims up to three times faster and with greater accuracy, thereby reducing adjusting expenses and lowering indemnity.
Automated Benefits Inc. provides a software solution for the adjudication of health and dental claims. This software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan’s financial performance. Autoben enables their clients to provide an additional level of value-added service in a very cost effective manner. The Autoben software supports the adjudication of health and dental claims through local insurance brokers for over 35,000 employees across Canada.
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Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Automated Benefits Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Automated Benefits Corp.
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