UK market set to begin with initial implementation by Innovation Group’s internal divisions
TORONTO, ONTARIO–(Marketwire – April 24, 2008) – Symbility Solutions Inc., a wholly-owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce its strategic partnership with Innovation Group (LSE:TIG.L) for the expansion of the Symbility mobile claims™ platform. Initial implementation will occur this summer in the United Kingdom with additional European countries to follow shortly thereafter. Product demonstrations to Innovation Group operations in South Africa and Australia have initiated plans for further global expansion in 2009.
Innovation Group, headquartered in the United Kingdom, will become both a user and exclusive value added reseller of Symbility Solutions’ mobile claims software solution outside of North America. Innovation Group is a global provider of technology-enabled outsourcing and software solutions to the property and casualty industry. With an international reach spanning 11 countries and over 220 global customers, Innovation Group is responsible for the processing of more than 20 million policies annually.
Hassan Sadiq, Chief Executive Officer of Innovation Group, commented, “We are delighted to have secured this global partnership with Symbility. The combination of our assets will provide a compelling solution for our customers. Our global claims management capability will deliver more seamless and automated network and contractor management and claims fulfillment, through the use of wireless technology incorporated into our SOA based software.”
Innovation Group will begin using the Symbility application in the UK through its internal outsourcing operations for claims handling, network and contractor management and customer fulfillment. Concurrent with these deployments, Innovation Group will leverage its customer relationships in multiple territories as a reseller while acting as a reference site through these internal deployments. The Symbility application has been modified to adapt to the European market with both English and French language capabilities.
“This strategic partnership agreement with Innovation Group represents a significant relationship in terms of the potential user base and number of claims accessible to Symbility,” states James Swayze, Chief Executive Officer of Automated Benefits Corp. “We feel that Innovation Group provides the best combination of technical market knowledge, global presence and customer relationships to assist our expansion efforts. Their vision to raise the insurance bar globally through the delivery of leading-edge technology enabled outsourcing and claims solutions fits perfectly with Symbility’s goal to bring mobility to property insurers around the world.”
For more information on Symbility Solutions, visit www.symbilitysolutions.com or call 1.866.SYMBILITY.
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, Automated Benefits Inc. and Symbility Solutions Inc.
Symbility Solutions Inc. is in the business of automating insurance claims. Its award-winning mobile claims solutions are designed to increase the speed and accuracy of damage claims processing by allowing claims adjusters, carriers, and restoration contractors to process claims on-site, resulting in increased customer satisfaction levels. Handwritten notes and post-inspection data entry are eliminated. Complete mobility provides the means to access key information on location and instantly settle claims up to three times faster and with greater accuracy, thereby reducing adjusting expenses and lowering indemnity.
Automated Benefits Inc. (Autoben) provides a software solution for the adjudication of health and dental claims. This software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan’s financial performance. Autoben enables their clients to provide an additional level of value-added service in a very cost effective manner. The Autoben software supports the adjudication of health and dental claims through local insurance brokers for over 35,000 employees across Canada.
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Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Automated Benefits Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Automated Benefits Corp.
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