InsuraGuest Technologies, Inc. (TSXV: ISGI), a Canada-based insurtech, announced on Wednesday that through its wholly-owned U.S. subsidiary InsuraGuest, Inc. (ISG) it has expanded the reach of its insurtech platform to fully integrate with 82 different property management systems through the Company’s proprietary API, which enables the respective properties to transfer certain liability exposures from their facilities to the InsuraGuest Hospitality Liability policies.
Founded in 2017, InsuraGuest describes itself as a leading technology company that uses its own proprietary insurtech software platform to digitally deliver customer insurance to its members.
“InsuraGuest Technologies is an insurtech (insurance + technology) company that’s disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. We’re transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold.”
InsuraGuest further revealed that its solution transfers the risk from the hotel or vacation rental operator by having guests pay a nominal fee per night. InsuraGuest then pays out these small claims, avoiding impact on the hotel or vacation rental operator’s general liability policy. Speaking about the service, Douglas Anderson, chairman and CEO of InsuraGuest, stated:
“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.”
InsurGuest then added that with its custom coverages, properties benefit from an additional layer of protection should a guest experience an accident, in-room property damage, death and dismemberment or theft while staying at an InsuraGuest-covered hotel property.
