Symbility partners with contents management leader to streamline property claims processing.
TORONTO, ONTARIO–(Marketwire – March 27, 2008) – Symbility Solutions Inc., a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce the integration of its mobile claims software with Enservio, the market leader in contents valuation.
Symbility and Enservio developed this solution to serve adjusters on the claim site, allowing them to quickly and efficiently manage contents claims valuations. With this integration, Symbility users can now assign an Enservio inventory specialist or inventory contents directly at a loss site, eliminating the need for multiple visits to the loss site. With this reduction in site visits, faster, total claim processing can be achieved, increasing the efficiency of all parties involved while continuing to fully support the property loss claimant.
“We saw the need for a combined service offering and knew that Enservio would be the perfect fit,” says Boris Znebel, President of Symbility Solutions. “By combining the technical strength of our mobile claims software with Enservio’s contents valuation solution, we have achieved what no other company in our industry has – we are the first best of breed partnership in this field.”
With this integration, Symbility and Enservio users can expect the following:
– Ease of use – simply push a button and non-restorable contents will be assigned, inventoried, priced and returned to your computer.
— Achieves 95% settlement closure rate on first post-valuation discussion with policyholder.
– Allows the adjuster to focus on the higher value activity of adjusting the structural portion of the claim.
– Gives the adjuster flexibility in:
— Assigning a person to do the non-restorable contents inventory from the Symbility platform.
— Assigning a claim for appraisal only after a field inventory of the non-restorable contents has been performed.
– Enables holistic reporting by integrating reporting of both structural and contents data on the same platform.
“This integration has combined two market leaders, the leading property estimating technology provider and the leading contents company, to offer a better solution to the market,” states Jon McNeill, CEO of Enservio. “Our commitment to serving our customers with the fastest, easiest contents valuation solution is further evidenced with this groundbreaking service offering.”
For more information on Symbility Solutions, visit www.symbilitysolutions.com or call 1.866.SYMBILITY.
About Enservio
Enservio is the global leader in contents property valuation solutions for the insurance industry. We provide a complete range of contents solutions to organizations: efficiently gathering, appraising and managing the entire content value chain. Enservio’s services span from web-based software to field inventory to claim process management and valuation services to product replacement. Enservio is headquartered in Natick, Massachusetts, with offices and professional staff located throughout the United States.
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. (Autoben) 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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