InsuraGuest Technologies, Inc. (TSX.V: ISGI) (OTCQB: ISGIF) Marks New Milestone in Industry Disruption
February 9, 2021
- InsuraGuest expanded platform integration to 82 different property management systems and now connects with 90% of all property management systems used by the biggest names in hospitality
- InsuraGuest Hospitality Liability coverage can lower a facility’s claim ratio and risk profile, which may decrease the property’s general liability premiums, save money, time and aggravation for hotel and vacation rental operators
- InsuraGuest is pioneering a new standard, disrupting the insurance industry with its proprietary insurtech platform
InsuraGuest Technologies (TSX.V: ISGI) (OTCQB: ISGIF), a leader in the insurtech sector (insurance + technology), recently marked another major milestone in its mission to revolutionize the insurance industry. InsuraGuest is disrupting status quo insurance markets by leveraging its proprietary software platform to deliver digital insurance products that provide better benefits at lower costs across multiple industry sectors. One of the initial primary targets is the hospitality industry and recent news from InsuraGuest marks a new milestone in the company’s reach and scope of business in the hospitality sector.
InsuraGuest recently announced it has expanded the reach of its insurtech platform to fully integrate with 82 different property management systems which are used by some of the biggest names in the hospitality industry. Utilizing InsuraGuest’s proprietary API enables hospitality properties to transfer some of their liability exposure from their facilities to InsuraGuest Hospitality Liability policies.
Liability coverage for medical expenses, accidental property damage, stolen goods, or other mishaps 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. InsuraGuest provides a layer of protection that responds to the property directly when guests experience mishaps. If accidents do happen, it’s quick and easy to file a claim.
A large portion of a hotel, motel or Airbnb operator’s claims result from small property or medical claims. These are most often charged against the facility’s general liability policy and the frequency of these small claims drives up premium prices. By using InsuraGuest, the risk is transferred from the hotel or vacation rental operator by having guests pay a small fee per night. InsuraGuest collects the fees and then pays out these claims, bypassing claims against the general liability policy. This can lower a facility’s claim ratio and risk profile, which may decrease the property’s general liability premiums, saving money, time and aggravation for hotel and vacation rental operators. This is especially important to America’s small businesses looking for any edge to improve profitability.
“Increasing our platform integration to 82 different property management systems gives us the ability to connect with over 90% of the systems in use today, systems which are used by Hilton, Marriott, Hyatt, Wyndham and Airbnb,” stated Douglas Anderson, chairman and CEO of InsuraGuest Technologies, Inc.
InsuraGuest Technologies is focused on adding value to the insurance market and its customers by integrating insurance innovation and technology into a single flexible package. The company is guided by its motto, “Digital insurance reimagined, reinvented, revolutionized.” InsuraGuest is pioneering a new standard, disrupting the insurance industry with its proprietary insurtech platform, providing cost savings and an array of digital business insurance solutions with flexible pricing delivered in less than 60 seconds. The future of insurance has arrived.
For more information, visit the company’s website at www.InsuraGuest.com.