InsuraGuest Inc., a SaaS (Software-as-a-Service) company, recently signed a letter of intent (“LOI”) that broadens its InsurTech platform and insurance products from the United States to Europe and the United Kingdom. An article discussing the company reads, “The coverage, unlike travelers insurance, is a specialized policy that provides a first line of defense for both the hotel or vacation-rental property and the travelers during their stays, with a potential of up to 40,000 different properties, and is purchased by the hotel property and then included with each guest’s folio charges for the stay. The policy provides coverage for theft of personal property, accidental medical expenses, and accidental death and dismemberment. . . . ‘We are excited to be expanding our distribution into Europe. The European market is more than twice the size of the U.S.,’ InsuraGuest chairman and CEO Douglas Anderson stated in a news release about the LOI (http://ibn.fm/tTbaa). ‘Last year there were 2.8 billion hotel nights stayed in Europe compared to 1.1 billion in the U.S. Additionally, $100 billion was spent on vacation rentals.’”
To view the full article, visit http://ibn.fm/vrIdd
About InsuraGuest, Inc.
InsuraGuest is a SaaS (Software-as-a-Service) company that has developed an InsurTech platform to deliver insurance product to end users in both the B2B and B2C marketplace. The company’s first focus is in the B2B hotel and resort, and vacation rental sectors, where its platform integrates with the property-management systems to help transfer exposure to liability by offering a specialized guest protection policy. Through the company’s InsuraGuest insurance program, guests benefit from potential accident and loss coverage during their stays. For more information, visit the company’s website at www.InsuraGuest.com.
NOTE TO INVESTORS: The latest news and updates relating to InsuraGuest are available in the company’s newsroom at http://ibn.fm/InsuraGuest
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.