InsuraGuest Technologies, Inc. (TSX.V: ISGI) (OTCQB: ISGIF) Expands Reach with New Global Partnership
February 1, 2021
InvestorWire (IW) | www.InvestorWire.com
- InsuraGuest goes live with Guesty, the world’s leading end-to-end short-term rental property management software
- Property managers who use Guesty to manage their short-term rentals: rentals which are listed on multiple platforms such as Airbnb, HomeAway, Vrbo, TripAdvisor, Agoda, and Booking.com
- Company’s success has hinged not only the caliber of management but even more so on the power of its proprietary software platform.
- The InsuraGuest expanded platform integration now connects with 90% of all property management systems used by the biggest names in hospitality.
Technology has now become a key factor in the insurance industry, and it is generating significant changes. The combination of insurance and technology (insurtech) is disrupting the entire insurance industry by providing new cost saving solutions and better customer experiences. It is designed to deliver better processes and greater efficiencies utilizing advanced insurance technologies. A leader in the insurtech sector, InsuraGuest Technologies (TSX.V: ISGI) (OTCQB: ISGIF) continues to expand an already impressive reach into multiple insurance markets.
The company’s first target is the hospitality sector with intent to dominate what looks to be an incredibly lucrative sector. InsuraGuest Technologies’ latest landmark is the announcement that it has gone live on a vendor partnership with Guesty, the world’s leading end-to-end short-term rental property management software. InsuraGuest will integrate with the Guesty property management software through its proprietary API, which will enable Guesty’s 60k US property managers to transfer certain liability exposures to the InsuraGuest carrier. By transferring certain liabilities to the InsuraGuest Hospitality Liability coverages, for a small fee of $11.95 per night (which is passed on to the guest), the covered short-term rental properties can lower their claim ratios and risk profiles, which may decrease their general liability and/or homeowners’ premiums.
Alon Eitan, Guesty’s Director of Strategy & Business Development stated, “We are excited to launch our relationship with InsuraGuest. Providing our customers with access to vendors like InsuraGuest helps protect their properties while protecting their guests.”
InsuraGuest Technologies is steamrolling the industry, signing agreements with property management systems and operators, continually expanding the reach of its network. The company’s success has hinged not only the caliber of management but even more so on the quality of its value proposition. With a solid foundation built on the power of its proprietary software platform, InsuraGuest Technologies intends to dominate multiple insuratech markets.
Commenting on the latest partnership, Douglas Anderson, CEO and Chairman of InsuraGuest Technologies stated, “Being able to work with the world’s leading end-to-end short-term rental property management software company means InsuraGuest will have access to market its Hospitality Liability product to property managers who use Guesty to manage their short-term rentals; rentals which are listed on multiple platforms such as Airbnb, HomeAway, Vrbo, TripAdvisor, Agoda, and Booking.com.”
The InsuraGuest expanded platform integration now connects with 90% of all property management systems used by the biggest names in hospitality. The appeal is obvious to operators. Liability usually has limitations and high deductibles. When these incidents are covered by a property’s general liability insurance it could cost a facility more than the actual event and drive-up premiums. InsuraGuest provides a layer of protection that responds to the property directly when guests experience mishaps. Using InsuraGuest may decrease a property’s general liability premiums, thus saving money, time and aggravation for hotel and vacation rental operators. InsuraGuest is transforming the way insurance is delivered – digital insurance reimagined, reinvented, and revolutionized.
For more information, visit the company’s website at www.InsuraGuest.com.