InsuraGuest Technologies (TSXV: ISGI) is continuing to revolutionize the insurance industry by harnessing the power of its proprietary software platform to deliver digital insurance across multiple sectors. The company, through its wholly owned subsidiary InsuraGuest Inc., recently signed another Agent Producer Agreement that will allow it to extend the reach of its novel Hospitality Liability Coverage to more hotel and vacation rental properties. The latest agreement is with Foundation Risk Partners, one of the fastest-growing insurance brokerage and consulting firms in the United States, which will begin to provide InsuraGuest’s Hospitality Liability coverage to its U.S. hotel clients. The strategic agreement came on the heels of a similar deal with USI Insurance Services, a leading insurance brokerage, which will distribute the Hospitality Liability coverage through its network of more than 7,5000 professional brokers nationwide. A recent article discussing these latest moves reads, “These partnerships can help InsuraGuest to further cement its leading position in the fast-growing insurtech market. With technology touching almost every industry worldwide, the insurance industry has been no exception. Valued at $5.48 billion in 2019, the global insurtech sector is expected to reach $10.14 billion by 2025, with a CAGR of 10.8% during the forecast period of 2019-2025. This growth offers multiple opportunities to InsuraGuest Technologies in terms of expanding its technology outward to cover a wide range of industries asides from the hospitality sector, reaching a larger audience and creating additional revenue.”
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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.
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