Company profile: Symbility Solutions
1.1 - Company Overview
Company description
- Provider of cloud-based and smartphone/tablet-enabled claims technology for the property and casualty and health insurance industries, offering Symbility Property and Symbility Health to enable collaboration. Products include Claims Connect for mobile-friendly claim management and a Mobile Claims Water Mitigation module for on-site drying plans, cost estimation, and data capture aligned with industry standards.
Products and services
- Symbility Property: Cloud-based claims technology suite for property and casualty insurers, designed to be flexible and easy-to-use, empowering insurers to collaborate
- Claims Connect: Redesigned platform for managing insurance claims, facilitating easier and quicker resolution through a mobile-friendly interface
- Mobile Claims Water Mitigation module: Industry-standard-aligned module for creating drying plans, estimating costs, and capturing water mitigation data on-site
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Symbility Solutions
Fastcomp
HQ: United States
Website
- Description: Provider of a technology platform for the insurance industry.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Otak
HQ: United Kingdom
Website
- Description: Provider of a cloud-based insurance technology platform focused on delegated authority solutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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CCC Intelligent Solutions
HQ: United States
Website
- Description: Provider of a SaaS platform for the P&C insurance and automotive industries, connecting more than 30,000 businesses to digitize mission-critical workflows, commerce, and customer experiences. Offers data- and AI-driven solutions including CCC ONE Estimating, IX Cloud, Parts Network, Repair Workflow, Diagnostics, and ELEVATE consulting to streamline claims, repairs, parts sourcing, and shop operations.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Simplesurance
HQ: Germany
Website
- Description: Provider of a platform and cross-selling solutions for e-commerce shops, combining traditional insurance industries with digital business and enabling e-tailers to offer product insurances within and before checkout processes.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Equisoft
HQ: Canada
Website
- Description: Provider of cutting-edge digital insurance and investment solutions, delivering a comprehensive ecosystem from innovative front-end applications to extensive back-office services and unrivaled data migration expertise, including SaaS policy administration, CRM, financial needs analysis and financial planning.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Symbility Solutions
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Symbility Solutions
2.2 - Growth funds investing in similar companies to Symbility Solutions
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4 - Top valuation comps for Symbility Solutions
4.2 - Public trading comparable groups for Symbility Solutions
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