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NetworkNewsBreaks – InsuraGuest Inc. Satisfying Need for Specialized Insurance Products in Thriving Vacation-Rental Market

NetworkNewsBreaks – InsuraGuest Inc. Satisfying Need for Specialized Insurance Products in Thriving Vacation-Rental Market

InsuraGuest, a SaaS (Software-as-a-Service) company utilizing its proprietary flagship InsurTech software platform to provide specialized insurance products, is ideally positioned as the global vacation-rental market is projected to dominate the hotel industry in 2020 and reach $63 billion by 2024. An article discussing the company reads, “The company’s proprietary InsurTech software platform delivers a specialized insurance policy that acts as the first line of defense for the properties and the guests for both vacation-rental properties and hotels. It covers each guest from the time of check-in until their departure, and provides coverage for a wide range of incidents, such as accidental damage to rooms, lost or stolen items, medical expenses, death or dismemberment. With this specialized insurance product that can easily integrate with most properties’ management systems, InsuraGuest has excellent prospects on the global vacation-rental market. The company currently provides coast-to-coast coverage in the U.S. and is in the process of obtaining licenses to sell insurance in every state. InsuraGuest is also working to expand the scope of its products and InsurTech platform to Europe and Asia, two markets that are significantly larger than the U.S. market and will provide the company with access to combined demographics of 6.5 billion hotel nights stayed worldwide and more than double its vacation-rental opportunities.”

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InsuraGuest is a SaaS (Software-as-a-Service) company utilizing its proprietary flagship InsurTech software platform to provide specialized insurance products to end users in the business-to-business (B2B) and business-to-consumer (B2C) markets. The company’s first focus is on the B2B hotels and vacation-rentals sectors, where its API integrates with the clients’ property-management systems to offer guests a specialized guest-protection policy. The platform and policy combination InsurTech product helps transfer the exposure to liability away from the client/property while guests benefit from potential accident and loss coverage during their stays.

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