Solera Announces Australia & New Zealand Cooperation Agreement with Suncorp Group

WESTLAKE, Texas, July 15, 2014 /PRNewswire/ -- Solera Holdings, Inc. ("Solera", "we" or "our") (NYSE: SLH), a leading global provider of software and services to the automobile insurance claims processing and decision support industries, today announced a new agreement making Solera the preferred provider of automobile insurance claims processing software and services for Suncorp Group, which includes a portfolio of leading general insurance brands in Australia and New Zealand.

The agreement will offer transparent, manufacturer-based assessment, repair and workflow efficiencies to Suncorp Group's assessors and recommended repairers, while also helping Suncorp's more than four million policyholders better connect with their claim and repair process.

"It is a real privilege to be awarded this exclusive agreement by Suncorp, a recognized industry innovator focused on enhancing the customer experience.  This agreement is a tribute to the strength of Suncorp Group's leadership in Australia and New Zealand," said Tony Aquila, founder, Chairman and CEO of Solera.

Leigh Bryan, Suncorp Group Head of Motor Claims, said Suncorp are always looking for ways to improve their customers' claim and repair experience.

"This preferred supplier contract is the result of an extensive review of the Audatex product, an exceptional claims platform.  We are excited about the potential to drive higher satisfaction for our policyholders, while offering our repairer partners easy access to comprehensive automotive data, which they have told us is one of the key barriers to them repairing our customers' cars," said Mr. Bryan.

About Solera Holdings, Inc.

Solera is a leading global provider of software and services to the automobile insurance claims processing and decision support industries. Solera is active in over 65 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium and Greece, Sidexa in France, ABZ and Market Scan in the Netherlands, HPI in the United Kingdom, Hollander serving the North American recycling market, AUTOonline providing salvage disposition in a number of European and Latin American countries, IMS providing medical review services, and Explore providing data and analytics to United States property and casualty insurers; and Service Repair Solutions, a joint venture with Welsh, Carson, Anderson & Stowe, that provides solutions for the service, maintenance and repair market.  For more information, please refer to the company's website at http://www.solerainc.com. 

About Suncorp Group

Suncorp Group's General Insurance business includes Australia's largest insurer by Gross Written Premium (GWP) and the largest provider of personal injury and Compulsory Third Party (CTP) insurance.  In New Zealand Suncorp Group are the second largest general insurance company. 

Suncorp Group's portfolio of general insurance brands, including AAMI, GIO, Vero and Suncorp Insurance, have built a reputation for innovation, customer service and repair industry support. 

Cautions about Forward-Looking Statements

This press release contains forward-looking statements, including statements about the expected benefits and value to be derived from the global cooperation agreement and the use of our software and services. These statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: the failure to realize the expected benefits from the global cooperation agreement; risks associated with the uncertainty in and volatility of global economic conditions; effects of competition on our software and service pricing and our business; rapid technology changes in our industry; time and expenses associated with customers switching from competitive software and services to our software and services; risks associated with operating in multiple countries; our reliance on third-party products; and effects of security breaches on our business and reputation. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2011. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE Solera Holdings, Inc.