InsuraGuest Sees Early Success In New Sports Activity Insurance Product

InsuraGuest Technologies (TSXV: ISGI) this morning provided data on the initial results of its newest product, ISG Active. The product provides insurance coverage for sports activities, with the initial agreement being focused around ski resorts.

The launch of the new product saw the company enter a partnership with Pacific Group Resources, whom began offering the new insurance products at three of their five resorts early this year. Since the start of that arrangement, ISG Active has reportedly provided insurance coverage to over 200,000 participants at the resorts.

The product provides $10,000 in coverage to winter lift tickets sold online, which can be upgraded at time of checkout to $25,000. Coverage will also now reportedly be provided to both winter and summer events, with activities such as skiing, snowboarding, tubing, and golf to be covered among other activities.

The sale of summer event embedded coverage will begin at the end of the ski season, while next month the firm has indicated it will begin selling advanced 2022-2023 winter sport prepaid season pass insurance coverage, which is to be delivered digitally.

“InsuraGuest is pleased to see the acceptance of this new revolutionary digitally embedded insurance product in the marketplace and the higher than forecasted purchase rates for the Company’s upgraded coverage. InsuraGuest looks forward to achieving the same success starting next month with the season pass insurance product for the 2022-23 ski season,” commented Reed Wright, President of InsuraGuest, on the early success seen by the product.

InsuraGuest Technologies last traded at $0.20 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. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

InsuraGuest Sees Launch Of Proprietary Travel Insurance Portal

InsuraGuest Technologies Inc. (TSXV: ISGI) continues to add innovative and disruptive products to its suite...

Sunday, October 10, 2021, 09:00:00 AM

InsuraGuest: Capitalizing On The Resurgent Post-Covid Hospitality Industry

InsuraGuest Technologies Inc. (TSXV: ISGI) is an insurance technology (InsurTech) company that has developed a...

Monday, July 12, 2021, 10:10:00 AM

InsuraGuest Technologies Launches Insurance On Major Travel Platform Centred

InsuraGuest Technologies (TSXV: ISGI) this morning had a major announcement related to its recently developed...

Wednesday, October 13, 2021, 09:02:43 AM

InsuraGuest To Provide Insurance Products To Three Ski Resorts In North America

InsuraGuest Technologies (TSXV: ISGI) is entering a new product vertical. The company has expanded its...

Monday, December 13, 2021, 08:21:52 AM

InsuraGuest Goes Lives With TravelNet Solutions’ Platform

InsuraGuest Technologies (TSXV: ISGI) has finally gone live with TravelNet Solutions. After completing the integration...

Thursday, March 17, 2022, 10:01:00 AM