InsuraGuest Technologies (TSXV: ISGI) now has another vendor partnership under its belt as it continues to expand its reach in the insuratech industry. The firm this morning revealed it has entered an arrangement with Tokeet Inc, a vacation rental management software firm.
The signing of Tokeet as a vendor is strategically significant for the company, given that Tokeet is one of the top suppliers to Airbnb, while also working with Booking.com, VRBO, Expedia and more. The company currently has over 40,000 professional hosts and management firms on its platform, with the company last year registering over 100 million nights stayed, despite being in the middle of a pandemic.
Users of the platform will be able to add ISGI’s hospitality liability supplemental coverages to their rentals, which is to be used before they make a claim on their standard tenant policy to assist in lowering premiums.
“Tokeet is one of the oldest and largest vacation rental management software companies in the sector today, with online travel agency that include Airbnb, VRBO, and Booking.com. Our alliance with them will not only help InsuraGuest protect more vacation rental nights, guests, and hosts, but it will create tremendous shareholder value too,” commented Reed Wright, President of InsuraGuest.
InsuraGuest Technologies last traded at $0.205 on the TSX Venture.
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