Fortune 500 Insurance Carrier Customer Extends Contract with Symbility

By Anil Sharma
TMCnet Contributor

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.