TORONTO, Oct. 16, 2017 /CNW/ - Symbility Solutions (TSX.V:
SY), a global software company focused on modernising the insurance
industry, is pleased to announce the formation of a new
relationship with NSR Management Ltd. (NSRM). This collaboration
will see Symbility's UK customers gain access to an enhanced,
comprehensive and continuously updated pricing database or
'Schedule of Rates,' focused on the UK property insurance repair
industry.
![Symbility Solutions Inc. (CNW Group/Symbility Solutions Inc.) Symbility Solutions Inc. (CNW Group/Symbility Solutions Inc.)](https://mma.prnewswire.com/media/583610/Symbility_Solutions_Inc__Collaborates_with_NSR_Management.jpg)
Symbility and NSRM have worked together bringing their
respective expertise to bear to deliver a market-leading pricing
solution meeting the needs of Symbility's UK customer base. This
database incorporates both Symbility's expertise in estimating
practices and software usability with NSRM's proven track record in
the pricing of repair works to deliver the most current and
accurate pricing, whilst maintaining a focus on applicability,
usability and quality throughout. This new database will be
seamlessly delivered via Symbility's range of cloud based claims
collaboration and estimating applications.
The integration of NSRM's trusted experience in building repair
pricing data for the broader UK construction industry, augmented
with Symbility's extensive knowledge in claims processing, loss
estimating and process management technologies, deliver a
market-driven enterprise solution that enables a better claims
management experience for UK insurers and the entire UK claims
supply chain community.
"Our collaboration with NSRM fulfils a strategic objective for
our UK business, which we believe will be highly advantageous for
our clients," said Symbility Solutions CEO, James Swayze. "NSRM's building pricing data
together with Symbility's claims management cloud technology,
deliver a best-in-class solution. This solution reinforces
Symbility's long-term commitment to the UK property claims industry
and supports our stated strategy to be the premier claims
management cloud platform provider to the global insurance
market."
David Fairbrother, Managing
Director of NSR Management Ltd., commented, "We are excited about
working with Symbility to deliver value into what is at the moment,
only a small segment for our business. NSRM is trusted by thousands
of individuals and businesses in the United Kingdom to support the pricing of
building works in the construction and maintenance markets. It is a
natural progression for us to deliver our expertise to what is a
very important sector of our industry. We were very excited to be
approached by Symbility, who are the market leaders in their field
and believe the outputs of our collaboration will deliver
significant value over the long term."
ABOUT NSR MANAGEMENT
NSR Management Ltd. was first established in Aylesbury in 1994 to compile, promote and
develop the National Schedule of Rates. It became a limited company
in 1998. Over the past 20+ years NSR Management has developed the
portfolio of Schedules and they have become synonymous with the
management of Measured Term Contracts. With our years of experience
in publishing Schedules of Rates for the Built Environment, we are
the trusted name in Term Maintenance Contracting for Buildings and
Highways. Our Schedules are the only National basis of pricing that
is truly independent. With over 40,000 rate items updated yearly,
we publish a range of National Schedules in book, data and web
format: Building Works, Mechanical Services, Electrical Services,
Highways Maintenance, Housing Maintenance, Access Audit and
Painting and Decorating.
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.
SOURCE Symbility Solutions Inc.