InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF), an innovative insurtech (insurance+technology) provider, recently announced it was looking to enter the European and Canadian markets. An article about this observed that the motivation behind this prospective move could be based on the size and growth potential of these markets. “A look at the European and Canadian markets shows the motivation behind this expansion drive,” it reads. “The European vacation/holiday rental homes are projected to generate about $23.99 billion in revenue in 2021, with the figure expected to reach $34.18 billion by 2025. The revenue from Canadian holiday rental homes is forecasted to reach $1.40 billion in 2021 and $1.90 billion by 2025. These figures exclude the income from the traditional hospitality industry, which is expected to generate $79 billion and $4.89 billion in 2021 in Europe and Canada, respectively. To back this expansion, InsuraGuest already has existing partnerships with underwriters in these new markets and distribution through major insurance agencies.”
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About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. The company is transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold. For more information, visit the company’s website at www.InsuraGuest.com.
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