InsuraGuest Launches New Platform Focuses On Travelers

InsuraGuest Technologies (TSXV: ISGI) this morning announced the launch of a new platform. Titled, the platform focuses on offering travel insurance for commercial and business travelers.

The platform itself offers another sales avenue for InsuraGuest, with the platform being “powered” by the company’s insuratech platform. The platform is available across all fifty states in the US, offering travel insurance policies to retail buyers.

ISGTravel currently offers a number of different policies, with coverages including trip cancellation, interruption and delays, medical evacuation and repatriation of remains, and accidental & sickness medical expense among other items. Offerings also include coverage for rental car damage and theft, baggage and personal effects for electronics, accidental death and more.

The added offerings build upon the firms current insuratech offerings present on the market, which primarily focus on short term vacation rentals and hotels. “We are now taking digital travel insurance, harnessing the power of our insurtech platform, and delivering our new product line to both business and commercial travelers via online travel agencies and booking platforms,” said President Reed Wright on the announcement.

The platform has also been designed to integrate its API into online travel booking and agent destinations, similar to its other offerings across the hospitality space. The announcement follows the firm revealing a revamp of its own website.

InsuraGuest Technology last traded at $0.36 on the TSX Venture.

FULL DISCLOSURE: InsuraGuest Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover InsuraGuest Technologies on The Deep Dive, with The Deep Dive having full editorial control. Additionally, the author personally holds shares of the company. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

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