InsuraGuest Technologies (TSX.V: ISGI) offers innovative ideas and solutions to revolutionize outdated business models and systems. A recent article discussing the company reads, “It took a while, but insurtech is now giving fintech a run for its money. Slow off the starting block, innovation in the insurance industry is currently outpacing digital developments in banking, payments and other financial technologies. As a result, traditional insurers are turning to companies, such as InsuraGuest Technologies Inc. (TSX.V: ISGI), that offer cutting-edge ideas and solutions to revamp antiquated business models and systems. Consequently, InsuraGuest plans to increase its range of services to meet the growing demand for insurtech solutions. Digitizing insurance services is widely expected to reduce operating costs and increase customer satisfaction during the sign-up, renewal and claims processes. . . . A recent report from industry analyst Grand View Research paints a picture of potential for the fledgling insurtech industry. Valued at just $1.5 billion in 2018, the market is forecast to cross $18 billion in 2025, experiencing a CAGR of 43% from 2019 until then (http://nnw.fm/o6kYQ). Spending by incumbent insurers has caused investment in the insurtech sector to double that in the fintech sector, growth of which is projected at 22% (http://ibn.fm/FfU87).”
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About InsuraGuest Technologies Inc.
InsuraGuest is a software company that utilizes its proprietary insurtech (insurance + technology) platform to deliver digital insurance to its customers. ISGI’s first product, InsuraGuest Hospitality, delivers custom Hospitality Liability coverages to hotels and vacation rentals. InsuraGuest coverages are purchased by hotels and vacation-rental properties, which can address covered claims from their guests and room occupants during their stays. For more information, visit www.InsuraGuest.com.
NOTE TO INVESTORS: The latest news and updates relating to ISGI are available in the company’s newsroom at http://nnw.fm/ISGI
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