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Fobi AI says leading Caribbean digital proof of insurance provider Minubia has chosen Passcreator by Fobi to streamline and expand its services

Last updated: 10:15 07 Jul 2022 EDT, First published: 09:11 07 Jul 2022 EDT

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Fobi AI will earn revenue from the deal with Minubia through an annual license fee and per pass fees

Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc announced that it has signed an annual license for its Passcreator by Fobi platform with Minubia, a leading provider of digital proof of insurance to insurance companies in the Caribbean.

Passcreator by Fobi now powers four of the top 10 insurance companies in the world for digital proof of insurance, according to Fobi.

The company said the partnership would allow Minubia to expand their integrated digital proof of insurance and claim management solution from the current implementation in Curacao to the entire Caribbean region and parts of Latin America.

READ: Fobi AI launches Bevy Pass mobile wallet loyalty and rewards platform with partner Barnet Technologies

Minubia leverages Passcreator to create and issue digital proof of insurance passes, providing a seamless user experience and automated claims adjudication and management process.

Fobi will earn revenue from the deal through an annual license fee and per pass fees.

Fobi CEO Rob Anson said Minubia was exactly the kind of partner the company wanted to do business with.

“Not only do they have a great customer base in the Caribbean, they have layered on innovation to our digital proof of insurance solution by connecting into the police and judicial systems back end to automate and seamlessly connect the entire insurance claim ecosystem,” he said.

“This also has implications for connecting into healthcare and now expanding our partnership out across the Caribbean and into Latin America will drive even more revenue for Fobi and Minubia.”

Fobi AI is a cutting-edge data intelligence company that helps its clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits.

Contact the author Emily Jarvie at emily.jarvie@proactiveinvestors.com

Follow her on Twitter @emilyjjarvie

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