InsuraGuest, a SaaS company and developer of the InsurTech platform, recently announced the signing of a Letter of Intent (“LOI”) with a licensed Master General Agent in the United Kingdom and European Union to distribute its platform and products to the hotel and vacation rental markets in those regions. Presently, the company’s InsurTech platform can integrate with approximately 70 different hotel property management systems, providing it access to approximately 40,000 properties. The platform assists in transferring clients’ exposure to liability by offering specialized guest protection policies. “We are excited to be expanding our distribution into Europe. The European market is more than twice the size of the US. Last year there were 2.8 billion hotel nights stayed in Europe compared to 1.1 billion in the US. Additionally, $100 billion dollars was spent on vacation rentals,” InsuraGuest chairman and CEO Douglas Anderson stated in the news release. “With distribution in Europe and the US, our demographics combined will total 3.9 billion nights stayed.”
To view the full press release, visit http://nnw.fm/2ykRx
About InsuraGuest, Inc.
InsuraGuest is a SaaS (Software as a Service) company that has developed an InsurTech platform to deliver insurance product to end users in both the B2B and B2C marketplace. Its first focus is in the B2B hotel and resort, and vacation rental sectors, where its platform integrates with the property management systems to help transfer exposure to liability by offering a specialized guest protection policy. Through its InsuraGuest insurance program, guests benefit from potential accident and loss coverage during their stay. For more information, visit the company’s website at www.InsuraGuest.com.
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