FingerMotion (OTCQX: FNGR), a mobile services and data company, has entered into a collaboration with Happy Life Insurance through its subsidiary Xunlian Tianxia Technology. The partnership will focus on developing an innovative insurance business model powered by data and designed to deliver a suite of digital insurance solutions for consumers. The collaboration will meet a need in China that has come from an increase in the rate of adoption of online insurance products, which result in new business generation. According to the company, online insurance premiums exceeded 290 billion yuan ($44.8 million) in 2020 last year alone, with growth expected to continue moving forward. The two companies noted that their collaboration will combine insurance with convenience, optimizing protection benefits for the insured. Both companies intend to integrate the technology of big data into the insurance products; they plan creating synergies that will result in improvements to the channels, products, sales and services in the space. “In order to make this collaboration work we have to dig deep to design insurance products that can address real consumer needs,” said FingerMotion Inc. CEO Martin Shen in the press release. “Our teams are uniquely qualified to create new insurance products that push the envelope of what is possible. Our goal is to enable the creation and distribution of insurance solutions that match consumer profiles, offer more flexibility and ultimately cost savings to the consumer while at the same time creating underwriting efficiencies that will eventually drop down to the bottom line making our collaboration particularly rewarding in the long run.”
To view the full press release, visit https://ibn.fm/vdx9z
About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. It is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve more than 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, please visit www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.