InsuraGuest Goes Live with Tokeet

Rhea-AI Summary

InsuraGuest Technologies (TSXV:ISGI)(OTCQB:ISGIF) has announced the successful integration of its API with Tokeet, a vacation rental management software provider. This partnership allows InsuraGuest's Hospitality Liability supplemental coverages to be listed on Tokeet's marketplace, enabling users to easily purchase insurance for their short-term rental properties. The embedded insurance becomes automatic, providing a no-fault primary medical coverage option for accidents occurring on the premises. This move is expected to enhance InsuraGuest's market presence in the rental sector.

Positive

• Successful API integration with Tokeet enhances market reach.
• Embedded insurance in Tokeet's platform could drive policy sales.
• No-fault primary medical coverage fills a gap in the short-term rental insurance market.

Negative

• Success of the integration is uncertain under competitive pressures.
• Market acceptance of the new product remains unpredictable.

A Vacation Rental Management Software Company

VANCOUVER, BC / ACCESSWIRE / February 15, 2022 / InsuraGuest Technologies, Inc.® (TSXV:ISGI)(OTCQB:ISGIF) ("InsuraGuest" or the "Company"), through its wholly-owned U.S. hospitality subsidiary InsuraGuest®, announces it has gone live with its API integration to Tokeet, Inc.(Tokeet) vacation rental management software company.

InsuraGuest Hospitality Liability supplemental coverages, which provides the only true no-fault primary medical coverage in the short-term rental sector, will now be listed on Tokeet's marketplace. InsuraGuest can now be purchased by Tokeet users, including their professional hosts and property management companies.

"Tokeet is a suite of powerful tools for channel management, rental automation, owner management, and now insurance through InsuraGuest. We are the perfect choice for vacation rental managers & owners who need total control," said Kwesi Steele, CEO of Tokeet.

Once a channel manager, property owner-manager, and or Host decides to use InsuraGuest, the supplemental policy will become their primary supplemental insurance on their property. InsuraGuest will then be automatically embedded into each reservation for a nightly fee.

Reed Wright, President of InsuraGuest Technologies, stated, "we look forward to utilizing our insurtech platform to deliver embedded insurance to Tokeet's channel managers and owner-managers, and to protect them from accidents that may happen to their guests and property."

About Tokeet
Tokeet is a software company focused on the short-term rental market. Tokeet's mission is to empower anyone to launch, run and scale a successful short-term rental management business. Tokeet aims to provide the tools needed to start and grow a rental business while making it cost-effective for property managers of every level.

About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance

InsuraGuest Technologies (TSX.V: ISGI) (OTCQB: ISGIF) is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to embed its short-term rental insurance products to the vacation rental, sports and ticketed events, hotels, and travel reservations sectors. CA / LIC: 6001686

For more information, visit the company's website at: www.InsuraGuest.com

The Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. There is no assurance that this new business product offering or other planned products will be successful. The insurance industry is intensely competitive, and the Company's competitors have significantly more resources than the Company. Acceptance by potential customers is difficult to predict, particularly in the case of new products and disruptive technologies. If the Company fails to achieve market acceptance, this will significantly impact its results and financial resources. Achieving market acceptance may require advertising budgets that exceed the Company's current resources and require the Company to seek additional debt or equity financing. There is no assurance that such financing will be available at reasonable prices or at all.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Company Contact:

InsuraGuest Technologies, Inc.
Media Relations
Adam Handelsman
media@InsuraGuest.com
+1 512 363 0594

Tokeet, Inc.
support@tokeet.com

SOURCE: InsuraGuest Technologies, Inc.

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https://www.accesswire.com/688771/InsuraGuest-Goes-Live-with-Tokeet

FAQ

What is InsuraGuest's recent announcement regarding Tokeet?

InsuraGuest announced the integration of its API with Tokeet, allowing its insurance products to be purchased directly through Tokeet's platform.

How does the API integration with Tokeet impact InsuraGuest's services?

The integration enables embedded insurance coverage in Tokeet's vacation rental management software, streamlining the purchase process for users.

What are the benefits of InsuraGuest's insurance products for Tokeet users?

Tokeet users can access supplemental liability coverages, including no-fault primary medical coverage, directly integrated into their rental reservations.

On what date did InsuraGuest announce the integration with Tokeet?

InsuraGuest announced the integration on February 15, 2022.

What is the stock symbol for InsuraGuest Technologies?

InsuraGuest Technologies trades under the stock symbol ISGIF on the OTCQB.