Fobi Signs Agreement With Minubia To Provide Integrated Digital Insurance Solution To The Caribbean & Latin America

Vancouver, B.C., July 07, 2022 (GLOBE NEWSWIRE) -- FOBI AI Inc. (TSXV: FOBI, OTCQB: FOBIF) (the "Company" or "FOBI"), a leader in providing real-time data analytics through artificial intelligence to drive operational efficiencies and profitability, is pleased to announce that it has signed an annual license with Minubia, one of the leading digital proof of insurance providers to insurance companies in the Caribbean, 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.  This announcement follows on the heels of the recent Passcreator by Fobi successes in the Insurance industry, with several high profile wins over the past 2 quarters. Passcreator by Fobi now powers four of the top ten insurance companies in the world for digital proof of insurance. Fobi earns revenue from this deal with Minubia through an annual license fee and per pass fees.