FINGERMOTION, INC. FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits
Item 7.01 Regulation FD Disclosure
On
a news release to announce that its subsidiary,
Technology Co., Ltd.
reinsurer, formed a collaborative research alliance in extending behavioral
analytics to enhance understanding of morbidity and behavioral patterns in the
insurance consumers through better technology, product offerings and customer
experience. JiuGe Technology's proprietary technology platform called
"Sapientus", a provider of behavior intelligence specialized in insurance, is
the
exchange among the joint team's domain experts in insurance, actuarial and data
science, the two parties set out to push the envelope of innovation and achieve
previously unattainable insights through mining of behavioral patterns and
distinctive features with linkages to key risk drivers and product economics,
focusing on life and health insurance.
The exclusive collaboration combines the deep market knowledge and experience of
Munich Re and Sapientus' capabilities in systematizing and dissecting a wide and
heterogeneous variety of data with the aim of extracting insights to drive
better claim management decisions and increase underwriting efficacy, as well as
discern potential behavioral shifts and risk tendencies. Adopting a multifaceted
analytic approach, Munich Re and Sapientus look to jointly explore new angles on
morbidity & behavioral pattern studies, including the identification of novel
predicting factors and development of cluster models to discern categorical
cohorts with specific propensities or of particular interest in the context of
insurance, such as healthcare access and utilization patterns.
This initial step marks the beginning of a journey to be embarked together
between Munich Re and Sapientus, leveraging both parties' extensive industry
experience and technical expertise to make practical use of behavioral analytics
in the areas of customer profiling, risk assessment and product customization.
Operating on Sapientus' proprietary behavioral analytics platform powered by a
diverse and expansive dataset and advanced modeling capabilities, driven by
guidance and feedback from Munich Re on methodologies, direction and outcome of
the study, this collaborative effort could facilitate more refined customer
segmentation and preferred risk selection, as well as more intelligent claims
and fraud management solutions with game-changing implications for Munich Re's
insurer clients and the wider industry in the near future.
"Joining forces with
research study adds yet another dimension to Munich Re's overall digital
transformation agenda. It is imperative that we continue to innovate and better
our practices and products in serving our customers. Data analytics and tech
innovations are the key ingredients and enabling tools that support us in our
drive forward, generating more intelligent insurance solutions for our insurer
partners and end consumers. Combining our joint creative and analytic talent, as
well as deep bench knowledge and experience from the Sapientus and Munich Re
teams, we are confident we will be able to stay ahead of the curve in this
digital era and inject new perspectives valuable to the
says
-2-
"We are very excited to work with a world-renowned partner in insurance", said
longer-term strategic mission to reinvent the way we provide insurance to
customers in the future and transform the overall industry. The trends in the
market are clear - consumers demand an efficient insurance experience, both in
terms of the application and claims process as well as product features and
pricing. With our collaboration with Munich Re, we look forward to engaging and
collectively innovating with insurers to uncover latent behavioral factors and
the many possibilities of behavioral analytics for expanding the boundaries of
product innovations, risk management and digital transformations. All the vital
elements are in place. With our distribution platform that enables wide-scale
marketing throughout
accumulation of increasing data points and observations will further strengthen
our analytic power and extend our reach, enabling us to aid in the industry's
effort to better stratify risks and contain moral hazard, ultimately augmenting
the efficiency of the overall insurance system."
A copy of the news release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit Description 99.1 News Release datedDecember 6, 2021 -3-
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