WATERLOO, ONTARIO–(CCNMatthews – Jan. 26, 2006) –
Symbility adoption rate increasing rapidly in the property insurance industry
Symbility Solutions Inc. (www.symbilitysolutions.com), a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), has reached a new milestone for the adoption of its mobile claims processing solution. Two short months after reaching the 1,000th user threshold, Symbility has demonstrated an accelerated acceptance across North America by reaching 1,500 users for its mobile claims system.
“From the moment Symbility was founded, the company has been building its efforts to branch out and bring its innovative solution to insurance carriers across North America,” said James Swayze, chief executive officer, Automated Benefits Corp. “We now have contractors and adjusters from Newfoundland to British Columbia, New York to California and as far reaching as Hawaii registering and using Symbility mobile claims to do their property insurance loss estimates.”
Available for any mobile-enabled, pen-based handheld platform, the Symbility Solutions system allows adjusters and contractors to write and process claims on-site with greater accuracy and to settle claims more quickly. Some of the key customers using the new system are Canadian-based insurance carriers Economical Insurance Group, Allstate Insurance Company of Canada and Gore Mutual Insurance Company. Other users who have actively put claims through the Symbility Solutions system include independent adjusters and contracting companies, plus a number of U.S.- based insurance companies currently running pilot programs.
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.
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This release is available on the KCSA Public Relations Worldwide Web site at www.kcsa.com.
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.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.