InsuraGuest: Gaining Traction Via New Integrations InsuraGuest is an insurance technology focused firm that has developed a transformational and disruptive proprietary software platform that is changing the way insurance is being delivered digitally. The company has targeted the hotel and vacation rental industries as its initial niche markets, marketing on-demand insurance products that were developed specifically for these sectors to protect the properties from claims made by guests on a primary no-fault basis. The insurance premiums are charged to the guest on a per-diem basis.
InsuraGuest is quickly gaining traction with its marketing efforts and recently announced new agreements with two travel and vacation management service companies. On August 12, ISGI announced it has integrated its API with TravelNet Solutions’ subsidiary, Track PMS. The subsidiary features TravelNet’s vacation rental property management operating software, enabling its clients to use Insuraguest’s insurance to provide primary no-fault accidental medical and property damage insurance coverage to their properties.
In terms of hard figures, most property management platforms are rather secretive on the size of their userbase. However, TravelNet indicates that it has served over 1,400 clients, whom manage in excess of 135,000 units. If InsuraGuest were able to capture even just 1% of these units as new clients, that would equate to 1,350 new properties to provide insurance products to, and nearly 493,000 nights per year in potential revenue opportunities. At a rate of an estimated $5.00 per night, the implications of even this minimal adoption are extremely significant.
https://thedeepdive.ca/insuraguest-gaining-traction-via-new-integrations-and-a-strengthened-executive-team/