InsuraGuest Inc., a SaaS (Software-as-a-Service) company, recently signed a letter of intent (“LOI”) that broadens its InsurTech platform and insurance products from the United States to Europe and the United Kingdom. An article discussing the company reads, “The coverage, unlike travelers insurance, is a specialized policy that provides a first line of defense for both the hotel or vacation-rental property and the travelers during their stays, with a potential of up to 40,000 different properties, and is purchased by the hotel property and then included with each guest’s folio charges for the stay. The policy provides coverage for theft of personal property, accidental medical expenses, and accidental death and dismemberment. . . . ‘We are excited to be expanding our distribution into Europe. The European market is more than twice the size of the U.S.,’ InsuraGuest chairman and CEO Douglas Anderson stated in a news release about the LOI (http://nnw.fm/2AMnf). ‘Last year there were 2.8 billion hotel nights stayed in Europe compared to 1.1 billion in the U.S. Additionally, $100 billion was spent on vacation rentals.’”
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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. The company’s 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 the company’s InsuraGuest insurance program, guests benefit from potential accident and loss coverage during their stays. For more information, visit the company’s website at www.InsuraGuest.com.
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