INSURAGUEST TECH INC - ISGIF STOCK NEWS

InsuraGuest Technologies announced financial results for its ISG Active product from December 2021 to March 2022, generating US$260,879 in gross premiums. This consisted of US$160,826 from embedded insurance for online ski ticket buyers and US$100,053 from users opting for enhanced policies. For the 2022-2023 ski season, the company plans to broaden its sales channels, including season passes and walk-up ticket purchases. InsuraGuest aims to expand its insurance products into various online ticketed events, enhancing its revenue potential.

InsuraGuest Technologies (TSXV:ISGI) has announced the launch of its insurance products through TravelNet Solutions' Track software, aimed at hotels, resorts, and vacation rental managers. Users can now purchase supplemental insurance, including medical coverage and theft protection, directly integrated into their reservation process. This integration is designed to position InsuraGuest as the primary coverage for guests, potentially enhancing customer engagement and revenue. The company is leveraging its proprietary technology to disrupt the insurance landscape.

InsuraGuest Technologies (TSXV:ISGI)(OTCQB:ISGIF) reports strong initial sales results from its new sports insurance product, ISG Active, launched for the 2021-22 winter sports season. Over 200,000 participants have purchased the digitally embedded insurance for activities like skiing, snowboarding, and tubing. The company plans to expand offerings with advanced season pass insurance in March 2022 and summer event coverage thereafter. President Reed Wright expressed optimism about market acceptance and higher-than-expected purchase rates.

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.

InsuraGuest Technologies, Inc. (TSXV:ISGI, OTCQB:ISGIF) has announced a strategic alliance with TravelNet Solutions, integrating InsuraGuest's supplemental insurance offerings into TravelNet's Track property management system. This partnership aims to enhance coverage options for hotels, resorts, and vacation rental managers by embedding insurance coverage automatically with each reservation. The collaboration seeks to expand InsuraGuest's reach in the hospitality sector, providing primary medical coverage unique to short-term rentals.

InsuraGuest Technologies (TSXV:ISGI)(OTCQB:ISGIF) announced a strategic partnership with Hostify, enhancing property management for short-term rentals. This alliance allows users of Hostify to purchase InsuraGuest's unique no-fault primary medical insurance, specifically designed for vacation rentals. The coverage activates automatically upon check-in, providing seamless insurance solutions for hosts. This partnership aims to simplify operations for property managers and expand market reach for InsuraGuest's innovative insurance products.

InsuraGuest Technologies, Inc. (TSX-V:ISGI)(OTCQB:ISGIF) announced a partnership with Stand Out Hotels and Residences to provide hospitality liability products globally. Guests will automatically receive a $10,000 accidental medical liability policy for an additional fee of $3.00 per night. This policy covers medical accidents on Stand Out properties, ensuring guest safety and confidence. Reed Wright, InsuraGuest's President, emphasized the potential for increased customer trust with this offering. This collaboration involves over 3,000 hotel rooms.

InsuraGuest Technologies has completed its API integration with CENTRED, enabling CENTRED's 57 million members to purchase travel insurance directly through their platform.

This partnership aims to enhance consumer confidence while traveling, especially with complete COVID-19 coverage. The average cost of travel insurance in the U.S. is approximately $95, and demand is increasing as travel resumes post-pandemic. InsuraGuest is positioned to capitalize on this trend and expand its insurance offerings in collaboration with CENTRED.

InsuraGuest Technologies has announced a partnership with Pacific Group Resorts to provide automatic event participant insurance for winter sports, including skiing and snowboarding. When purchasing online lift tickets at Wintergreen Resort, Wisp Resort, and Mount Washington Alpine Resort, buyers will receive $10,000 in coverage, with an option to upgrade to $25,000. This initiative targets a market of approximately 80 million skier visits in the U.S. and Canada. The launch of the ISG Sports division aims to capture potential revenue in the growing winter sports insurance sector.