CoreLogic to acquire Symbility Solutions, with new standard of digital experience for insurers welcomed.
CoreLogic Inc has recently announced that it has entered into a definitive agreement to acquire Symbility Solutions. The deal - which has a planned close in late Q4 2018 or early Q1 2019, builds upon CoreLogic International or Asia Pacific being the exclusive Symbility Value Added Reseller in Asia Pacific over the last three years, and according to Suresh Dhanushkoti, CoreLogic GM – Insurance Products and Solutions, “It lays the foundation for further innovation, deeper integration and collaboration with our solutions for the benefit of our clients in developing a new standard of efficiency, transparency, and innovation across the entire policy lifecycle.”
“Symbility is already powered by Cordell costings data in both New Zealand and Australia, so we’re excited with this development and what it means for our insurance clients”. Dhanushkoti further explains.
The combination of premier property data, imagery and analytics from CoreLogic® and the most modern and collaborative insurance claims experience from Symbility ensures the insurance industry is now well positioned to deliver the digital experience that property owners expect and deserve in the event of loss.
“This union will provide Australasian insurers with data and insights to both underwrite and manage claims more efficiently, and will enable insurers to deliver a unique digital process for policyholders from point of sale through claims settlement”.