NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: AUTOMATED BENEFITS CORP.
TSX VENTURE SYMBOL: AUT
MARCH 17, 2005 – 08:00 ET
Automated Benefits Corp. Announces Symbility Pilot
Launch With Gore Mutual Insurance Company
WATERLOO, ONTARIO–(CCNMatthews – March 17, 2005) – Automated Benefits
Corp. (TSX VENTURE:AUT) is pleased to announce that its wholly owned
subsidiary, Symbility Solutions Inc. (“Symbility”), has launched a
software pilot program with Gore Mutual Insurance Company.
The pilot launch will allow Gore Mutual claims adjustors and independent
contractors to use the Symbility mobile claims system for property
claims estimation using hand-held, pen-based computers transmitting
wirelessly over the Symbility.net communication hub.
This launch will be used to verify the ease of transmitting estimate
information between contractors and adjusters; the efficiency of storing
and retrieving estimate data; the extent of business intelligence
capabilities for comparative and trend analysis; and the expense
reduction and overall return on investment in the software technology
for Gore Mutual.
“The Symbility mobile claims system pilot will enable us to identify the
tool’s usefulness in enhancing our tracking ability and auditing of
claims estimates while improving overall productivity”, states Glenn
Matheson, Program Manager Property Losses, of Gore Mutual.
The term of this pilot is 60 days beginning no later than March 31,
2005, involving field adjusters and contractors who regularly perform
work for Gore Mutual.
Upon the successful completion of the pilot phase, Gore Mutual has
signed a letter of intent in anticipation of entering into a contract
that would see Gore Mutual implement the Symbility mobile claims system
across Canada.
“With each new installation of the Symbility mobile claims system, we
are moving closer to our goal of becoming an industry standard for the
collection and transmission of claims data for the property insurance
industry,” states Automated Benefits Corp. Chief Executive Officer,
James Swayze. “Gore Mutual’s confidence in our team at Symbility will
mark our third system pilot launch in Canada.”
About Gore Mutual Insurance Company (www.goremutual.ca)
Gore Mutual was established in 1839. This year will represent the
company’s 166th year of continuous operation, making Gore Mutual
Canada’s oldest federally licensed property and casualty insurer with a
legacy of dedicated service to Canadians. Gore Mutual distributes its
products exclusively through a network of local Independent Insurance
Brokers.
Gore Mutual – protecting Canadians for over 165 years.
About Automated Benefits Corp.
Automated Benefits Corp. is a software company dedicated to applications
for the insurance industry with its head office in Toronto, Ontario.
Automated Benefits Corp. currently has two subsidiaries, Automated
Benefits Inc. (“Autoben”) and Symbility.
Symbility has developed the Symbility mobile claims system focusing
principally on residential and commercial property claims estimation for
use by insurance company adjusters and independent contractors. With
offices in Waterloo, Ontario and Montreal, Quebec, the Symbility mobile
claims system has begun pilot launches with Allstate Insurance Company
of Canada and Economical Insurance Group. Upon successful completion of
its Canadian pilots, Symbility intends to expand its sales efforts of
the Symbility mobile claims system in the United States and Europe.
Autoben is focused on the employee benefit segment of the life insurance
industry. Located in Edmonton, Alberta, Autoben provides claims
management software for health and dental plans in addition to insurance
products for employer groups. The proprietary software of Autoben, ABI,
assists in reducing the cost of employee benefits programs by allowing
local adjudication and administration to approximately 20,000 employees
across Canada.
(Not for dissemination in the United States of America)