TORONTO, ONTARIO–(Marketwire – Dec. 5, 2012) – Symbility Solutions Inc.® (TSX VENTURE:SY), provider of cloud-based claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that United Property and Casualty Insurance Company (UPC), a wholly-owned subsidiary United Insurance Holdings Corp. (OTCBB:UIHC) has signed a multi-year agreement to implement Symbility into its operations.
Founded in 1999, United Property and Casualty Insurance Company, provides property and casualty insurance products and services in Florida, South Carolina, Massachusetts and Rhode Island. UPC is dedicated to delivering its policyholders with superior products and unparalleled service. As a recognized leader in producing responsive, stable and innovative insurance products, UPC Insurance’s commitment to their clients created a need for a proven and cutting-edge software solution to help manage the workflow of its property and casualty claims.
“We are eager to use Symbility to enhance our skills to better handle and manage claims,” states John Langowski, Vice President of Claims, United Property and Casualty Insurance Company. “Symbility will provide us the tools we need to reduce the amount of time it takes to resolve claims and to provide real-time assessment on how claims are handled by our field partners. Its adaptability with other applications also enables us to use other tools and resources that will further our goals in being the claims operation that our customers and agents want. We look forward to the benefits and the relationship that this venture brings to UPC.”
Symbility Claims Connect®’s collaborative web-based workflow management solution will give UPC Insurance unparalleled control and visibility of claims throughout the claim lifecycle. With no hardware to install or software to maintain, UPC Insurance will be up and running with no delay and continue to provide their valued policyholders a better claims experience. With Symbility Mobile Claims®, UPC Insurance will be able to enhance adjuster and third-party contractor productivity by using the most intuitive field estimating solution to quickly and accurately generate on-site estimates.
“We are honoured to have been chosen as UPC Insurance’s claims estimating platform of choice,” commented James Swayze, CEO, Symbility Solutions. “We look forward to a long relationship with them to further enhance the quality of service for their customers as they transform their claims estimating process.”
About United Insurance Holdings Corp.
Founded in 1999, United Property and Casualty Insurance Company, a subsidiary of United Insurance Holdings Corp., writes and services property and casualty insurance in Florida, South Carolina, Massachusetts and Rhode Island. From its headquarters in St. Petersburg, United’s team of dedicated employees manages a completely integrated insurance company, including sales, underwriting, customer service and claims. The Company distributes its homeowners, dwelling fire and flood products through many agency groups and conducts business through our wholly-owned subsidiaries. Homeowners insurance constitutes the majority of United’s premiums and policies.
About Symbility Solutions Inc.
Symbility Solutions (TSX VENTURE:SY) is a progressive software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Symbility® and Adjudicare®.
The Symbility platform is a cutting-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh (“MSB”), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB’s Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively.
Adjudicare is an advanced, practical web-based software solution used by a network of Employee Benefits Brokers and Third-Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare’s rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners’ customers optimum flexibility, along with transparent disclosure on the benefit plan’s financial performance.
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