TORONTO, ON–(September 29, 2015) – Symbility Solutions Inc. (TSX VENTURE: SY), a global software company dedicated to developing applications for the insurance industry, is pleased to announce that Rainbow International Systemzentrale Deutschland GmbH (“Rainbow Germany”), has signed a multi-year contract to use Symbility’s cloud-based claims settlement technology.
Founded in 1992, Rainbow Germany, a sister company of Rainbow International® Inc., an international franchise system with over 400 locations worldwide providing services in the restoration business, has become a significant partner in the insurance and real estate industry by continuously establishing itself as the premium service provider in the restoration of water, fire and mold damage operating with more than 20 restoration businesses and 400 employees servicing customers across Germany.
“By implementing Symbility software, Rainbow Germany is making a significant technological advancement,” commented Jeff Meyers, Managing Director of Rainbow International Systemzentrale Deutschland GmbH. “With this platform, we will have the ability to dynamically change operating procedures based on claim variables, drive our franchisees through these procedures, and provide real-time transparency to our compliance team. This level of standardization not only focuses on our national service agreements, but also ensures that any claim handled by a franchisee follows a consistent standard process with increased professionalism and quality.”
“Symbility Solutions is proud to be the cloud-based platform of choice for Rainbow Germany as we continue to expand our services throughout the European insurance market,” commented James Swayze, CEO, Symbility Solutions. “We are confident that Rainbow Germany’s management and staff will experience unprecedented efficiency and productivity gains as a result of adopting our easy-to-use, mobile technology, as has Rainbow UK and other supply chain vendors in the European market.”
Rainbow Germany will implement Symbility’s Claims Connect®, an innovative and easy-to-use property and casualty claims workflow management solution that will offer Rainbow Germany franchises seamless integration capabilities with their existing internal claims management system. Rainbow Germany staff will also use Symbility Mobile Claims®, the industry’s most intuitive smartphone and tablet-enabled field estimating application, which allows users to generate quick and accurate estimates onsite, while improving efficiencies and significantly shortening the claims estimating process.
About Rainbow International® Systemzentrale Deutschland GmbH
Rainbow International is a premium service provider in the restoration of water, fire and mold damage. Ever since its foundation (1992), the company has continuously established itself and is currently operating with more than 20 restoration businesses across Germany.
Rainbow International® Inc., founded in 1981 with over 400 locations worldwide, is part of the American Dwyer Group, Inc.® The Dwyer Group Inc., headquartered in Waco, Texas, is the largest international company group of franchise systems in the service industry worldwide. It includes eleven independent franchise systems in total that operate under their brand names Aire Serv®, Glass Doctor®, The Grounds Guys®, Mr. Appliance®, Mr. Electric®, Five Star Painting®, Mr. Rooter® (Drain Doctor in the UK and Portugal), Molly Maid®, Mr. Handyman®, ProTect Painters® and Rainbow International® to provide customers all over the globe with comprehensive crafts services.
About Symbility Solutions® Inc.
Symbility Solutions (TSX VENTURE: SY) is a global provider of cloud-based and mobile-enabled claims technology for the property 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. Symbility’s mobile innovation division, BNOTIONS, focuses on the design and development of leading technologies in the areas of mobile, the Internet of Things (IoT), Machine-to-Machine (M2M), and wearables. For more information, please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.
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