Welcome to our dedicated page for Insuraguest Tech news (Ticker: ISGIF), a resource for investors and traders seeking the latest updates and insights on Insuraguest Tech stock.
InsuraGuest Technologies (ISGIF) is a leading insurtech innovator providing digital insurance solutions for hospitality, vacation rentals, and event sectors. This page serves as the definitive source for official company announcements, strategic updates, and industry developments.
Investors and industry professionals will find curated press releases detailing new product launches, technology partnerships, and market expansion initiatives. Our repository includes updates on risk management innovations, regulatory milestones, and operational advancements within the specialty insurance space.
All content is rigorously verified to ensure accuracy and relevance for stakeholders. Bookmark this page to stay informed about ISGIF's progress in transforming insurance through proprietary platforms, AI-driven underwriting tools, and customer-centric coverage models.
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) reported strong financial results for the six months ended December 31, 2024, with a 21% year-over-year revenue increase to $491,204 and a 44% gross margin improvement to $328,513.
The company's growth was driven by the expansion of vacation rental properties and a full six-month revenue contribution from their newest customer. Improved cost management helped reduce the comprehensive loss from $382,049 to $122,810. The company continues to strengthen its position in the vacation rental, hotel, and events sectors through its insurtech solutions.
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) has launched a new luxury insurance coverage solution within its Hospitality Liability product suite. The new offering is specifically designed to protect high-value items in luxury vacation rentals from accidental damage or theft by guests.
The development comes in response to direct feedback from property owners in the high-end segment seeking enhanced protection for valuable assets. This addition expands InsuraGuest's technology stack, which already includes specialized Hospitality Liability and Sports & Events Activity insurance.
According to President Reed Wright, this strategic move aims to support the company's long-term profitability goals while driving growth in covered properties and ski ticket sales. The premium coverage solution is designed to provide property owners and operators with confidence in offering luxury vacation rentals and hotel stays.
InsuraGuest Technologies reported a 68% year-over-year rise in revenues from its short-term rental guest programs for the nine months ending March 31, 2024.
They successfully closed a rights offering, raising CAD $813,111, and settled $606,564 of accounts payable with common shares. The company also signed a new agreement with Lake Lawn Resort, expecting revenue generation from June onwards.
InsuraGuest continues to expand its coverage products for vacation rentals, hotels, and events, strengthening its position as an industry leader.
InsuraGuest Technologies, Inc. closed its Rights Offering with 65,048,925 rights exercised, generating approximately $813,111 in gross proceeds. Douglas Anderson, the guarantor, received a warrant to purchase 311,209 common shares. Mr. Anderson now holds a total of 52,852,605 common shares, representing 31% of the total outstanding shares. The company is revolutionizing insurance delivery through its proprietary software platform.
InsuraGuest Technologies announces a new alliance with SIA Group to provide Hospitality Liability coverage to hotel clients. This partnership aims to transfer small property and medical claims to reduce risk and lower insurance premiums. Hotel operators can charge guests a nominal fee of $4.95 per night for coverage, generating additional revenue. InsuraGuest's solution integrates with around 82 property management systems, enhancing claims management. This strategic move is intended to expand InsuraGuest’s reach among SIA's 500+ hospitality customers.
InsuraGuest Technologies (TSXV:ISGI)(OTCQB:ISGIF) reported its quarterly results for the period ended September 30, 2022. The company achieved revenues of $81,405, a significant increase from $40,726 in the same quarter of 2021, attributable to its new vacation rental insurance service. Gross margin was $54,612, up from $32,185 a year prior. Notably, the comprehensive loss narrowed to $190,991 from $598,950. Decreased operating expenses were linked to effective cash flow management and a reduction in marketing costs.
InsuraGuest Technologies (TSXV:ISGI)(OTCQB:ISGIF) reported a 253% revenue growth for the fiscal year ending June 30, 2022, as it continues to expand its insurtech software offerings. The company doubled its vacation rental property clients and launched new products, contributing significantly to its growth. Despite not adding new hotels, InsuraGuest is engaging with hotel groups and focusing on sales and marketing to drive further expansion. The company acknowledges competition in the insurtech space but remains optimistic about its growth trajectory.
