TORONTO, Sept. 13, 2017 /CNW/ - Insurance carriers are quickly organizing to help policyholders that have been affected by Hurricanes Harvey and Irma and this means that they need the most up-to-date property information available. Symbility Solutions Inc. ("Symbility") (TSX.V: SY), working with CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, work together to provide property information directly to insurers through Symbility's claims management cloud platform.
Property insurance field adjusters can directly access the latest residential and commercial property data from the RCT Express® and Commercial Express® Structural Risk and Valuation platforms by CoreLogic, that have been automatically added into the claim file within Symbility Mobile Claims®. This vital data allows carriers and adjusters in the field to initiate the claim even before adjusters get on site.
"Under regular circumstances, the data from these underwriting reports is important when trying to resolve a property claim. Time is of the essence in emergency situations, like Texas and Florida, and immediate access to property data is crucial to our clients," says James Swayze, CEO of Symbility Solutions. "Through our unique relationship with CoreLogic, our clients have the advantage to help their policyholders begin their claims process before adjusters can get their boots on the ground in affected areas."
As the effects of the storms develop, CoreLogic will continue monitoring impacts to reconstruction costs and reflect cost increases in the Symbility data base.
In addition to providing this unique set of data, Symbility has undertaken a number of other actions to ensure that clients are fully supported. The company has extended support hours and online, on-demand training for users on how to get the most from Symbility software.
ABOUT SYMBILITY
Symbility (TSX.V: SY) believes in creating world-class experiences that simplify business and improve lives. With a history in modernizing insurance claims solutions for the property and health industries, Symbility has established itself as a partner that puts security, efficiency and customer experience first. Symbility PROPERTY™ brings smarter thinking to property insurance. Symbility HEALTH™ helps benefits professionals build their brands and businesses. Our strategic services team, Symbility INTERSECT™ empowers a variety of businesses with smarter mobile and IoT product development strategy, design thinking and engineering excellence. With our three segments pushing industries forward, Symbility proves that change for the better is entirely possible. symbilitysolutions.com
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SOURCE Symbility Solutions Inc.
James R. Swayze, Chief Executive Officer, (647) 775- 8603, [email protected]; Blair R. Baxter, Chief Financial Officer, (647) 775-8608, [email protected]; Lucy De Oliveira, VP, Global Marketing, (647) 775-8607, [email protected]; Babak Pedram, Investor Relations, (416) 644-5081, [email protected]
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