Insurance Technology Featured Article

Fortune 500 Insurance Carrier Customer Extends Contract with Symbility

July 10, 2014

An existing Fortune 500 insurance carrier customer has extended its contract with Symbility.

Symbility Solutions is a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and casualty and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions’ two product suites, Symbility Property and Symbility Health, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience.

As part of the pact, the insurance carrier customer will continue to use Symbility's claims settlement technology for another five and a half years through the end of 2019.

“Symbility Solutions is honored that a longstanding client is garnering the benefits of our technology and has once again decided to put their confidence in our products and services,” said James Swayze, CEO, Symbility Solutions, in a statement.

“We hope to continue to help bolster their existing business practices both in the US and Canada and expand into their international operations to deliver consistency across their global footprint,” said Swayze.

Back in June, Symbility Solutions had announced the formalization of a multi-year contract with SPECS Limited, the Edmonton-based provider of independent property damage and consulting services throughout Canada, to integrate Symbility’s claims estimating software into its operations.

Earlier in May, Symbility Solutions had announced a new contract with a top tier German insurance carrier and three supply chain companies to integrate Symbility’s claims management software and mobile scoping tool into its organization.

This contract solidifies Symbility’s growing penetration in the German insurance industry with five insurance carriers and the first three members of the supply chain currently using Symbility’s cloud-based estimating platform.

As part of the contract, the Insurer and the supply chain companies will implement Symbility’s Claims Connect, an innovative and robust property and casualty claims workflow management software, and Symbility’s Mobile Claims, the industry’s most intuitive smartphone and tablet-enabled field estimating solution in enhancing adjuster and third-party contractor productivity.




Edited by Allison Sansone

Article comments powered by Disqus

Related Insurance Technology Articles

SnapOne Launches Life Security Action Engine Impact Detection Prototype

SnapOne, provider of solutions that allow users to secure and manage people, data, and devices, announced the release of its Life Security Action Engine (LSAE) Impact Detection prototype, which will be using sensors to deliver valuable information. [ Read More ]
04/27/2015

Tennessee Farmers Life Insurance Company Picks Sapiens to Modernize Policy Administration System

Sapiens International Corporation, a provider of retirement and insurance software solutions, has announced that Tennessee Farmers Life Insurance Company (TFLIC) has selected its ALIS policy administration system. [ Read More ]
04/27/2015

New Technologies Make Teens with Smartphones Safer Drivers

Driving with a smartphone can be a welcome addition to a driver's arsenal of tools. Not only can it take the place of a dedicated dash-mounted GPS system, offering turn-by-turn directions and readily updated maps, it can even be put to work as a replacement for radio, offering the best of streaming music while driving. But anyone knows that a powerful tool can be dangerous, and driving with a smartphone has great potential to make for distracted driving. That's a point that can be addressed with… [ Read More ]
04/27/2015

MediaAlpha Launches Direct-to-Quote (DTQ) to Improve Online Consumer Experience

A report released by SNL Financial from data compiled in June of 2014 revealed the insurance industry as a whole spent more than $6 billion in advertising in 2013. While TV, radio and print have limited reach as to how consumers interact with the content, online advertising is the perfect medium to further that interaction into potential sales. And with the increased adoption of smart mobile devices, there are more opportunities for advertisers to create engaging ads that deliver tangible result… [ Read More ]
04/22/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!