FingerMotion (OTCQX: FNGR) is providing its clients with market insights as a growing number of Chinese consumers adopt online insurance products. According to the Google translation of a news release issued by Gold Investment Network, China’s online insurance premiums surpassed 290 billion yuan (US$44.8 million) last year (https://ibn.fm/7g2lO). The popularity of online premiums fueled a rapid surge in new economic activity within the country, which continues on an upward path as businesses turn to big data, cloud computing, artificial intelligence (“AI”), and other value-added technology to accelerate revenues. “FingerMotion has seen its revenues grow in consecutive reporting quarters during the past year and is anticipating further success thanks in part to a landmark agreement with Pacific Life Re-insurance. The agreement effectively positions FingerMotion as Pacific Life’s data provider, utilizing FingerMotion’s trademarked Sapientus platform,” reads a recent article. “Pacific Life is one of the world’s top five Insurance companies, well into its second century with $1.1 trillion in life insurance policies and $171 billion in assets. The company is on a trajectory to firmly bring its services ashore among China’s world-leading population, where consumers are required to carry social insurance and certain types of commercial insurance.”
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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 over 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, visit www.FingerMotion.com.
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