Insurance carriers and their adjusters can now use HOVER's detailed exterior measurements to
seamlessly create roof and exterior plans within Symbility's platform.
TORONTO, April 12, 2018 /CNW/ - Symbility Solutions Inc. ("Symbility") (TSX.V: SY), a global software
company focused on modernizing the insurance industry and HOVER, a platform that offers an accurate, interactive 3D model of any property, today announced their
collaboration to enable claims adjusters to quickly generate roof or exterior property plans that facilitate creating estimates
and adjusting a claim for policyholders.
Now insurance adjusters using Symbility's cloud-based claims management software can tap into HOVER's powerful capabilities to
receive accurate measurements needed for property claims, including square footage and linear measurements for roofing, siding,
windows, doors, soffit, fascia and more. These exterior measurements are automatically imported into Symbility's claims
estimating platform and converted into a highly accurate 3D roof and exterior plan, allowing adjusters to produce an estimate in
a few clicks.
Complete virtual adjusting is also now possible by leveraging the policyholder to take a few photos of their property. This
process eliminates unnecessary site visits and will drastically improve cycle times.
"Our goal has always been to improve our customers' experience by eliminating unnecessary steps in the claims process," said
James Swayze, CEO of Symbility Solutions. "We strive to empower the insurance carriers we work
with so that they can provide a superb customer experience for each policyholder. Policyholders will now become more engaged in
their claim with greater transparency by utilizing HOVER to gather the information required and eliminate the need for field
adjusters to come on-site."
This new collaboration will allow carriers to complete claims at a faster and more efficient pace than before. By combining
HOVER's accurate measurements with Symbility's estimating and process management software, insurers will be able to resolve most
claims in a fraction of the time and for a fraction of the cost.
"With the ability to now work seamlessly with Symbility, insurance carriers and their adjusters can resolve claims much
faster. Homeowners will be able to start repairing their property within days rather than weeks, and insurance carriers will
reduce costs while providing a better customer experience," said Kevin Reilley, Executive Vice
President at HOVER.
About HOVER
Founded in 2011, HOVER's original product was used by the U.S. Military to reduce risk for personnel in harm's way.
Today, HOVER's technology is transforming a market that has been notoriously difficult to change: home improvement. By building
the world's most comprehensive and accurate database of physical properties, HOVER is creating the future of 3D property data.
For more information, visit www.hover.to.
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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All trade names are the property of their respective owners.
View original content with multimedia:http://www.prnewswire.com/news-releases/symbility-and-hover-collaborate-to-reduce-claims-adjusting-costs-and-decrease-cycle-times-300628460.html
SOURCE Symbility Solutions Inc.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2018/12/c2190.html