FINGERMOTION, INC. FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits - Insurance News | InsuranceNewsNet

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December 9, 2022 Newswires
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FINGERMOTION, INC. FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits

Edgar Glimpses

Item 7.01 Regulation FD Disclosure

On December 9, 2022, FingerMotion, Inc. (the "Company" or "FingerMotion") issued
a news release to announce that its subsidiary, Shanghai JiuGe Information
Technology Co., Ltd.
("JiuGe Technology") and Munich Re, a large global
reinsurer, have set the stage for extension of their ongoing behavioral research
and analytic studies into commercial implementation in the China market. Through
a proprietary behavior intelligence system developed by "Sapientus", the
analytic innovation development arm of FingerMotion, the partner companies will
bring forward their jointly developed model algorithms and analytic insights for
productionized applications and wider market adoption.

Continuing from our initial collaboration, this subsequent step marks the
beginning of a journey towards commercial realization of our joint research and
data intelligence, leveraging Munich Re's insurance expertise and industry
experience, coupled with Sapientus' proprietary analytic approach and behavioral
indicators. Following months of research and calibration of our datasets and
models, we are ready to put into practice our behavioral rating services driven
by new insights derived from emerging sources of information and advanced
analytical techniques for enhancing the predictability of insured behaviors and
risk propensities.

The analytic system we have built together could catalyze numerous benefits for
the industry. We are guided by our commitment in pushing forward a more
efficient and intelligent insurance business model through finer delineation of
customer profiles and risk groupings, as well as smarter claims and fraud
management solutions. Our collaborative exploration to date and progressing
undertakings will commercially enable a wide array of value enhancing
initiatives and competitive advantages across the chain - improving underwriting
excellence, preferred risk selection and new product innovations, just to name a
few.

"We are launching a behavioral rating services platform with FingerMotion's
Sapientus following our initial collaborative research study. Leveraging our
joint data resources and analytic expertise, we will continue to expand our data
inventories and finesse the model algorithms. We look to apply what we have
learned through our behavioral research and analysis to practical use for the
benefit of our clients and insurance consumers in the China market," said Eric
Zhao
, Munich Re China's General Manager of Life & Health.

"We are excited to walk together with Munich Re in driving commercial
application of our work", said Martin Shen, CEO of FingerMotion, Inc. "Today's
news reinforces a longer-term strategic mission to reinvent the way our partners
provide insurance to customers in the future. We cannot stress more on
addressing consumer demands for a more convenient insurance experience through
analytic innovation. With this collaboration, we are well on our way towards
realizing this common goal with our insurer partners in the near future."

A copy of the news release is attached as Exhibit 99.1 hereto.

                                     - 1 -

Item 9.01 Financial Statements and Exhibits




(d) Exhibits



Exhibit    Description

  99.1       News Release dated December 9, 2022

  104      Cover Page Interactive Data File (the cover page XBRL tags are
           embedded within the inline XBRL document)




                                     - 2 -

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