InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF), a leading insurtech (insurance + technology) company harnessing the power of technology, has created a product that lowers a hotel’s, motel’s or Airbnb’s claim ratio and risk profile in effect reducing the insurance premium the facility pays. “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.” An article discussing the new developments described the company’s market-disrupting solution as follows: “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.” The article notes that InsuraGuest’s new solution means that “The future of insurance has arrived.”
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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. The company 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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