NetworkNewsBreaks – FingerMotion Inc. (FNGR) Sub
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Posted On: 07/06/2021 3:34:23 PM
NetworkNewsBreaks – FingerMotion Inc. (FNGR) Subsidiary to Collaborate with Happy Life Insurance
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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