InsuraGuest Technologies (TSXV: ISGI) is set to experience further sales growth. The firm this morning reported that it has completed the integration with Centred Wellness, a platform that connects travelers to leading wellness brands globally with over 57 million members.
The integration of the two firms was initially announced back in October by InsuraGuest, indicating at the time that the insurance products would cover a guests entire trip. With the integration now complete, consumers on the Centred platform are able to purchase such products online or through the mobile app, with insurance products being available for all US consumers regardless of destination.
Further, the two firms have indicated that they intend to further expand their relationship, which will see Dragon Pass and banking partners as additional potential partnerships.
“The average cost of travel insurance in the U.S. is $95, based on an AdvisorSmith study of over 50 travel insurance policies. This coverage is becoming more and more popular in the U.S., particularly as the pandemic disrupted travel plans in 2020, forcing many consumers to cancel or postpone planned trips. As travel ramps back up, Americans are more interested in protecting their travel plans, spurring high demand for travel insurance,” commented Reed Wright, President of InsuraGuest.
The partnership between Centred and InsuraGuest will see the firms insurance products marketed to the 57 million members of the Centred platform, with Centred to receive marketing fees on insurance products sold.
InsuraGuest Technologies last traded at $0.195 on the TSX Venture.
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