NEW YORK, April 02, 2020 (GLOBE NEWSWIRE) -- via NetworkNewsAudio – InsuraGuest Technologies Inc. (TSX.V: ISGI) announces the availability of a broadcast titled, “Technology Transforms the Insurance Market.”
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Though technology allows radically new ways of working, many insurance companies aren’t using it to its full capacity. An estimated 90% of the resources insurance companies are putting into technology are currently going into maintaining existing approaches instead of exploring real innovation. Insurers are trying to do old things better rather than doing new, better things.
Companies such as InsuraGuest Technologies Inc. (TSX.V: ISGI) offer the opposite approach. By integrating insurance and SaaS in a single flexible package, the company is providing a new process, one that removes the friction for the final customers of the insurance product. This could be a critical step in selling better 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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