- FingerMotion (FNGR, Financial) enters the Indonesian market with an AI-driven insurance platform.
- Partners with PT Mach Wireless Teknologi for seamless integration.
- Focuses on motor, health, and life insurance sectors in Indonesia.
FingerMotion, Inc. (FNGR), a NASDAQ-listed technology and mobile services company, has announced the expansion of its subsidiary, Finger Motion Financial, into the Indonesian market. This move is being facilitated through a strategic partnership with PT Mach Wireless Teknologi. The primary aim is to deploy FingerMotion's AI-driven insurance risk rating platform, specially tailored for the Indonesian insurance sector including motor, health, and life insurance.
The platform leverages advanced technologies such as proprietary machine learning models and sophisticated risk analytics, enabling a seamless integration into Indonesia’s telco-insurance ecosystem. This will allow telecommunications operators and insurers to collaborate more effectively, leading to the delivery of smarter and more personalized digital insurance products.
FingerMotion is also finalizing an agreement with a major Indonesian telecommunications provider, which is anticipated to accelerate the platform's adoption and scalability. This strategic venture marks an important milestone in FingerMotion's growth trajectory, tapping into Southeast Asia's largest economy characterized by its substantial market potential and increasing digital adoption.
With a focus on transforming digital insurance delivery, this initiative positions FingerMotion to capitalize on Indonesia's relatively low insurance penetration rates, which stand at approximately 2% of GDP compared to 9-11% in developed markets. The success of this expansion will depend heavily on execution, regulatory compliance, and effective engagement with local solution providers.
