InsuraGuest Technologies (TSXV: ISGI), through its wholly owned U.S. subsidiary InsuraGuest Inc. (“ISG”), today announced that it has expanded the reach of its insurtech platform to fully integrate with 82 different property management systems through the company’s proprietary API. According to the update, the move enables the respective properties to transfer certain liability exposures from their facilities to the InsuraGuest Hospitality Liability policies. Small property or medical claims make up a considerable portion that are frequently applied to the general liability policy, driving up premium prices. The InsuraGuest solution transfers hotel or vacation rental operators’ risks by having guests pay a nominal fee per night. InsuraGuest then pays out these small claims, avoiding impact to the operator’s general liability policy. “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,” said Douglas Anderson, chairman and CEO of InsuraGuest Technologies Inc.
To view the full press release, visit https://ibn.fm/nWDrb
About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. It is transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold. For more information, visit the company’s website at www.InsuraGuest.com.
NOTE TO INVESTORS: The latest news and updates relating to ISGI are available in the company’s newsroom at http://ibn.fm/ISGI
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