VAULT – HIGH NET-WORTH INSURANCE COMPANY- SELECTS SYMBILITY TO SUPPORT ITS PROPERTY CLAIMS ROLLOUT
TORONTO, ONTARIO — (November 16, 2017) Symbility Solutions (TSX.V: SY) (“Symbility”), a global software company focused on modernizing the insurance industry, is pleased to announce that they have been selected as the technology partner to power claims management by Vault, a company created to serve the unique needs of the high-net-worth market. The multi-year deal will help Vault fulfil their brand promise of protecting the things that are most important to policyholders and their lifestyles – no matter what, when, or where that may be.
Symbility’s claims management cloud platform will help to keep everyone involved in the claims process, up-to-date and on the same page, from adjusters to third-party contractors and, of course, Vault’s policyholders themselves. Symbility’s technology offerings ensure every touch feels personalized from first notice of loss to the resolution of a claim.
“As the market shifts and companies, like Vault, look to provide a greater experience for their policyholders, the technologies that they use will play a significant role,” said James Swayze, Symbility Solution’s CEO. “Symbility has invested years into making sure that the suite of products creates an experience that help our clients move faster, smarter, and more efficiently. We’re excited that Vault has recognized this and we’re looking forward to helping them surpass their customer expectations when processing a property claim.”
“Vault’s philsophy is to provide a simple, positive, personalized experience for our customers. Symbility’s solutions suite will help us to do just that. Symbility’s software along with our drive for innovation and technology will allow us to deliver fast, seamless service – built around the needs of our clients—keeping them at the center of everything we do,” commented Pete Piotrowski, Chief Claims Officer for Vault.
ABOUT VAULT INSURANCE
Founded in 2017, Vault is a modern insurance concept built from the outside in based on input from leading agents and brought to life by an empowered group of extraordinary professionals. The company is a unique combination of a policyholder-owned reciprocal insurance exchange and a highly-rated E&S company focused on serving the unique, fast-changing needs of the affluent. Vault is majority-owned and supported by Allied World, a global leader in insurance and reinsurance. Allied World provides significant capital and operational support to Vault. Full details of Vault’s product offerings and financial rating are available at vault.insurance. Vault: thoughtful, dynamic, simple- built around you.
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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FOR FURTHER INFORMATION, PLEASE CONTACT:
|James R. Swayze
Chief Executive Officer
(647) 775- 8603
Lucy De Oliveira
|Blair R. Baxter
Chief Financial Officer