TORONTO, ONTARIO -- (Marketwired) -- 04/09/13 -- 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 American Modern Insurance Group (American Modern), a Cincinnati, Ohio based insurance company with subsidiaries that deliver specialized products and services for residential property, recreational products and financial institutions, has signed a multi-year agreement to integrate Symbility into its operations.
Bob Crowley, Vice President of Claims at American Modern, comments, "Our partnership with Symbility has come about after a thorough review of the market and our previous experience with the IntegriClaim/MSB solution. We are firmly convinced that the Symbility platform is the best in the marketplace to support our business model. In the hands of our experienced adjusters, Symbility will provide us with a powerful tool to deliver quality service to our customers."
"We are very excited to welcome American Modern to our valued and expanding client base. American Modern is committed to delivering outstanding service to their customers, and we are proud that they chose Symbility's cloud-based claims technology," commented James Swayze, CEO, Symbility Solutions. "We are confident that the mobility and seamless flow of data driven by our platforms will be of great benefit to American Modern, and we look forward to a long relationship with them to further enhance the quality of service for their customers as they transform their claims estimating process."
American Modern Insurance Group will implement Symbility's Claims Connect®, a leading-edge property and casualty claims workflow management solution offering an efficient and seamless collaboration process across the entire claims environment and reducing time-to-resolution for American Modern's customers.
About American Modern Insurance Group (American Modern)
American Modern is widely recognized as a leading expert in the specialty insurance business. With more than 47 years of experience in the manufactured housing insurance sector, the company delivers specialized products and services for residential property like mobile homes and specialty dwellings. American Modern also offers specialty policies for consumers in the recreational market, including owners of boats, personal watercraft, classic cars, motorcycles, ATVs and snowmobiles.
In addition, manufactured home communities, dealers and landlords are well served by American Modern's array of physical damage commercial programs. The company's financial institutions division provides collateral protection, mortgage fire and related products and services to protect financial institutions and their customers.
American Modern's stability is reflected in its A+ (Superior) rating by the A.M. Best Company and its selection for 14 consecutive years as one of the Ward Group's Top 50 property and casualty companies in America. It is licensed in all 50 states through six property and casualty companies, insuring more than 1.7 million policyholders throughout the United States. It does not conduct business in Canada.
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 leading-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. Symbility Mobile Claims is now available as a free Android, iPad® and iPhone® application.
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.
All trade names are the property of their respective owners.
Symbility Solutions Inc.
Lucy De Oliveira
(416) 359-9339, ext. 1007
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