InsuraGuest Sign LOI to Sell its Product in the United Kingdom and the European Union
InsuraGuest, Inc. a SaaS company that has developed a proprietary InsurTech platform which delivers specialized insurance products to end users who stay in hotels, resorts, and vacation rentals, announced today it has signed a Letter of Intent with a licensed Master General Agent in the United Kingdom and Europe to distribute its platform and products in those regions to the hotel and vacation rental markets.
The InsuraGuest ® InsurTech platform is currently capable of integrating with approximately 70 different hotel property management systems, giving it access to circa 40,000 properties, and helps to transfer their client’s exposure to liability by offering specialized guest protection policies.
“We are excited to be expanding our distribution into Europe. The European market is more than twice the size of the US. Last year there were 2.8 billion hotel nights stayed in Europe compared to 1.1 billion in the US. Additionally $100 billion dollars was spent on vacation rentals,” said Douglas Anderson Chairman and CEO of InsuraGuest. Mr. Anderson continues, “with distribution in Europe and the US, our demographics combined will total 3.9 billion nights stayed.”
About InsuraGuest. Inc.
InsuraGuest Technologies Inc. (TSX.V: ISGI) is a software company that utilizes its proprietary insurtech (insurance + technology) platform to deliver digital insurance to its customers. Its first product, InsuraGuest Hospitality, delivers custom Hospitality Liability coverages to hotels and vacation rentals. InsuraGuest coverages are purchased by the hotels and vacation rental properties, which can address covered claims from guests and their room occupants during their stay.
For more information, visit the company’s website at www.InsuraGuest.com