Business
FingerMotion Enters Into Agreement With Pacific Life Re in Cutting-Edge Behavioral Risk Analytics for Insurance
NEW YORK, NY / ACCESSWIRE / January 25, 2021 / FingerMotion, Inc. ("FingerMotion" or the "Company") (OTCQX:FNGR), a mobile data and services company, is
About this update from Fingermotion, Inc.
[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / January 25, 2021 / FingerMotion, Inc. (\"FingerMotion\" or the \"Company\") (OTCQX:FNGR), a mobile data and services company, is pleased to announce that its subsidiary, Finger Motion Financial Company Limited's, big data analytic arm branded \"Sapientus,\" has entered into a services agreement with Pacific Life Re, a global life reinsurer serving the insurance industry with a comprehensive suite of products and services. This arrangement was formed to develop a holistic multi-faceted risk rating concept, leveraging the Company's proprietary approach to analytics by drawing data from novel sources and filtering them through advanced algorithms. The ultimate goal is to apply new insights generated from FingerMotion's predictive model to the traditional insurance industry.Sapientus specializes in data mining and predictive algorithms which enable more refined analysis of insurance customers. The collaboration with Pacific Life Re is in alignment with the FingerMotion's vision to apply behavioral insights to drive value for the insurance industry and enhance customers' experience. FingerMotion's platform will not only employ cutting-edge behavioral risk analytics, but also allow for bilateral feedback and synchronization between insurance analytics and FingerMotion's proprietary big data engine. With the significant uptick in insurtech business activities, FingerMotion's platform forms the core of a competitive suite of value-added capabilities conducive to business success for FingerMotion's insurance clients.\"This agreement with Pacific Life Re is validation of our big data insights business arm,\" said Martin Shen, CEO of FingerMotion Inc. \"We believe we can form the foundation of a new business model with Pacific Life Re augmenting the insurance value chain, from more efficient insurance underwriting journey to claims management process. Having an integrated platform that queries and interprets data in real-time is a giant leap forward in the industry. Pacific Life Re has always had an eye on driving value-enhancing innovations. We look forward to promoting collaborative value creation with Pacific Life Re and delivering more insightful, efficient, and customized solutions to the wider insurance ecosystem.\"Chan Keng Hong, Pacific Life Re's Head of Greater China, said, \"Pacific Life Re is focused ...