InsuraGuest Applied sciences, Inc.® at this time proclaims that its hospitality division, InsuraGuest has booked its finest income month since its inception regardless of challenges it confronted with Covid-19 and the devastation the illness has triggered the hospitality trade.
InsuraGuest Applied sciences, Inc.® (TSXV:ISGI) (the “Firm” or “InsuraGuest”) at this time proclaims that its hospitality division, InsuraGuest (“ISG”), has booked its finest income month since its inception regardless of challenges it confronted with Covid-19 and the devastation the illness has triggered the hospitality trade.
With InsuraGuest Hospitality Legal responsibility customized coverages, resorts profit from an extra layer of safety on a major foundation ought to a visitor expertise an accident or theft whereas staying at an InsuraGuest-covered resort property.
“Regardless of the Covid-19 pandemic, we’re seeing a rise in resort stays throughout July and consequently our hospitality division is having its finest income month since we opened our doorways,” mentioned InsuraGuest CEO and Chairman, Douglas Anderson. “Our resort members are creating safer environments for his or her visitor’s visits, and they’re seeing first hand the worth InsuraGuest brings by inserting our Hospitality Legal responsibility coverages as a layer of safety when a visitor experiences an accident or theft. This enables the resort to decrease their threat ratio, decrease their declare ratio, and take away their Med-Pay, thus serving to them get monetary savings on their present Basic Legal responsibility coverage.”
InsuraGuest’s API integrates with roughly 70 completely different resort property administration methods, together with Oracle Opera, Hilton -ONQ, Springer-Miller Programs, Marriot Fosse, Marriott Full Service, Agilysys and Lightspeed GPS.
InsuraGuest Applied sciences, Inc.
Harnessing the Energy of Know-how to Reinvent Insurance coverage
InsuraGuest Applied sciences, Inc. (TSX.V: ISGI) is an insurtech (insurance coverage + expertise) firm that’s disrupting the insurance coverage panorama by using its proprietary software program platform to ship digital insurance coverage to a number of sectors. We’re remodeling the best way insurance coverage is delivered with the revolutionary concept that insurance coverage needs to be purchased, not bought.
Data set forth on this information launch incorporates forward-looking statements which can be based mostly on assumptions as of the date of this information launch. These statements replicate administration’s present estimates, beliefs, intentions and expectations. There isn’t any assurance that this new enterprise product providing or different deliberate merchandise can be profitable. The insurance coverage trade is very aggressive and the Firm’s opponents have considerably extra assets than the corporate. Acceptance by potential prospects is tough to foretell, significantly within the case of recent merchandise and disruptive applied sciences. If the corporate fails to realize market acceptance it’s going to considerably affect its outcomes and monetary assets. Reaching market acceptance could require promoting budgets that exceed the Firm’s present assets and require the Firm to hunt further debt or fairness financing. There isn’t any assurance that such financing can be out there at affordable costs or in any respect.
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