Symbility Solutions Inc., a software developer based in Toronto, announced yesterday that it has been selected by a specialty insurer and reinsurer in the US to incorporate Symbility’s claims technology into its operations.
The insurer’s name was not disclosed, but is purportedly an established brand in the US industry.
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“We are very pleased to have secured a contract with one of the oldest and most reputable insurance companies in the United States,” said Symbility Solutions CEO James Swayze. “As a specialty insurer, they write coverage on behalf of hundreds of multi-line insurance companies and they have chosen to use Symbility’s cloud based platform to manage the workflow with their partners.”
“This usage expands the utility of our platform beyond simply estimating and is the result of our ease of integration and robust security. As they are a subsidiary of one of the largest insurance groups in the world, we hope to leverage this relationship into some of their affiliated companies globally,” Swayze added.
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The insurer will deploy Symbility’s platform throughout its networks across the United States, which includes the use of Symbility’s Claims Connect. Claims Connect is “an innovative and robust property and casualty claims workflow management software that streamlines the claims estimating process by reducing cycle time and increasing accuracy in all aspects of the claims handling process.”
According to a release, Symbility’s Claims Connect allows service providers to:
- Establish and oversee a consistent property claims process for all claim participants.
- Interact seamlessly with their existing claims management system and provide real-time notifications of important events.
- Gain valuable insight into field operations.
- Measure operational performance and identify opportunities for additional focus.
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