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Symbility Solutions Wins Contract With Major UK Insurer
Publish Date : 29-Apr-2013
Symbility Solutions Inc., provider of cloud-based and smartphone/tablet-enabled claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that a major UK Insurer has signed a contract to integrate Symbility’s claims management software and mobile scoping tool into its organization through its European partner, The Innovation Group plc. The contract will run for a period of seven years and be charged on a transactional basis. This will generate revenues of approximately CA$1,500,000 annually to The Innovation Group with Symbility sharing in the value of this contract under its reseller agreement.
Commenting Andy Roberts, Chief Executive Officer of Innovation Group said, "I am delighted that Innovation Symbility has been selected for its software and services as a partner of choice. The combination of leading technology and product expertise demonstrates Innovation Group’s ability to establish long-term partnerships with the world's largest carriers. This contract embeds Innovation Symbility as the dominant UK market solution and combined with the exciting developments that are being delivered in 2013 and the traction we have already established in our European markets creates an exciting position for our property footprint."
"I am proud that Symbility is now the dominant leader in property claims management solutions in the United Kingdom and am excited to add a recognized global brand to our valued client base," stated Richard Adair, President and Chief Operating Officer, Symbility Solutions Inc. "When we entered the UK market in partnership with the Innovation Group in late 2008, it was a nascent market and insurance companies had yet to use third-party software to process claims. Today, we are proud to see a growing number of carriers deploying our best-in-class solutions."
