Pen-Based, Mobile Solution Enables Precise Loss-Site Data Collection, Dramatically Reduces Complexity and Costs for Claims Adjusters
WATERLOO, ONTARIO – May 17, 2006 – Symbility Solutions, a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT) today announced it will demonstrate its mobile claims processing system in the Microsoft IVC Partner Booth #400 at the ACORD/LOMA Insurance Systems Forum in Las Vegas, NV May 22 – 24, 2006. Symbility will present innovative workflow solutions for property and casualty claims processing, and examples of how it supports the Microsoft Insurance Value Chain Architecture Framework (IVCAF) v1.0.
“We are pleased to be a key partner selected by Microsoft to participate in the IVC showcase at ACORD/LOMA,” said James Swayze, CEO at Symbility Solutions. “We support Microsoft’s IVC Architecture Framework v1.0, because it allows us to leverage Microsoft’s core strengths as we continue to bring innovative and integrated solutions to market. ACORD/LOMA is the ideal forum to demonstrate our position in the overall insurance value chain, and our leadership in pen-based mobile claims processing.”
With Symbility’s mobile claims(TM) solution, property claims adjusters and restoration contractors use pen-based computers to quickly collect loss-site information precisely where the damage has occurred, thereby improving the accuracy of the information and allowing claims to be settled up to six times faster. For more information, visit www.symbilitysolutions.com.
“We’re pleased to have Symbility’s support for the Microsoft Insurance Value Chain Architecture Framework v1.0, which demonstrates the company’s commitment to achieving straight-through processing around key insurance workflows,” said Kevin Kelly, managing director, Microsoft U.S. insurance industry. “As a leader in mobile claims processing, Symbility is a key and important member of our IVC program.”
About the ACORD/LOMA Insurance Systems Forum
For more information about the ACORD/LOMA Insurance Systems Forum, please visit http://www.acordlomaforum.org.
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, Autoben and Symbility.
Symbility Solutions (www.symbilitysolutions.com) has developed a mobile claims system focusing principally on residential and commercial property claims estimation for use by insurance company adjusters and independent contractors. Symbility has offices in Waterloo, Ontario and Montreal, Quebec. Autoben is focused on the employee benefit segment of the life insurance industry. Located in Edmonton, Alberta, Autoben provides claims management software for health and dental plans in addition to insurance products for employer groups. The proprietary software of Autoben, ABI, assists in reducing the cost of employee benefits programs by allowing local adjudication and administration to over 23,000 employees across Canada.