Lloyds Banking Group (LBG), a property insurer in the UK, has inked an agreement to implement Symbility's claims and mobile scoping tool, to enhance the effectiveness of its claim processing capabilities.
Based on the terms of the contract, Symbility’s European partner, the Innovation Group will deliver LBG and all of the organizations that make up LBG’s buildings claims supply chain with access to its Symbility software.
Upon integration, the British property underwriter and its supply chain partners will be able to use the software to estimate process and complete LBG’s domestic property insurance claims.
Symbility Solutions president and CEO Richard Adair said that Lloyds Banking Group has joined its valued client base, which proves that Symbility’s cloud-based technology is paving the way in simplifying and streamlining how property claims are estimated and settled.
"Symbility is now the leading claims estimation software provider to the property industry in the UK and Europe which validates the market’s confidence in our products and services," Adair added.
Global provider of cloud-based and smartphone/tablet-enabled claims technology, Symbility Solutions offers an array of technology solutions to the property and health insurance industries to boost their claims processing workflow and reduce costs.