NEW YORK, March 26, 2020 (GLOBE NEWSWIRE) -- via NetworkWire — InsuraGuest Technologies Inc. (TSX.V: ISGI) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 40+ brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.
To view the full publication, “Growing Vacation Industry Fosters Demand for Integrated Support Services”, visit: http://nnw.fm/Is8lC
The vacation-rental market is growing. Valued at $87 billion in 2020, the industry is expected to reach around $97 billion by 2023, as people make use of rentals to get away from their day-to-day lives.
Any industry creates a need for insurance, usually specialized to meet the needs of that market. While some vacation insurance currently exists, gaps exist in the coverage. These oversights leave holidaymakers and property owners financially vulnerable. And so the question arises, how can these gaps be covered?
New challenges require new business models, and that’s what InsuraGuest Technologies Inc. (TSX.V: ISGI) provides for vacation-rental insurance. A true insurtech company, InsuraGuest provides the two essential parts designed to ensure insurance coverages for vacation rentals: the insurance itself and a reliable, easy way to access that insurance.
About InsuraGuest Technologies Inc.
InsuraGuest Technologies, Inc. (TSX.V: ISGI) is a world-leading SaaS (Software-as-a-Service) company that utilizes its proprietary insurtech (insurance + technology) flagship software, InsuraGuest, to deliver custom Hospitality Liability coverages through its wholly owned subsidiary, InsuraGuest Risk Purchasing Group, LLC. Through the combination of InsuraGuest’s integrated software and custom coverages, guests benefit from the property having InsuraGuest if there are losses during their stay. InsuraGuest coverages are purchased by the hotels and vacation rental properties, which can address claims from guests and their room occupants during their stay. The InsuraGuest Hospitality Liability coverages insert a layer of protection on a primary basis should a guest or their room occupants experience an accident and/or theft during their stay at a hotel or vacation rental property.
For more information, visit the company’s website at www.InsuraGuest.com.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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