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InsuraGuest Expands Its Insurtech Platform to Integrate with 82 Property Management Systems
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2021) -   InsuraGuest Technolog...
About this update from Insuraguest Technologies Inc
[{"type":"text","content":"InsuraGuest Expands Its Insurtech Platform to Integrate with 82 Property Management SystemsVancouver, British Columbia--(Newsfile Corp. - January 6, 2021) -  InsuraGuest Technologies, Inc.® (TSXV: ISGI) (\"InsuraGuest\" or the \"Company\"), through its wholly owned U.S. subsidiary InsuraGuest, Inc. (\"ISG\"), is proud to announce it has expanded the reach of its insurtech platform to fully integrate with 82 different property management systems through the Company's proprietary API, which enables the respective properties to transfer certain liability exposures from their facilities to the InsuraGuest Hospitality Liability policies.A considerable portion of a hospitality operator's claims comes from small property or medical claims that are frequently applied to the general liability policy. This high frequency in claims drives up premium prices. The InsuraGuest solution transfers the risk from the hotel or vacation rental operator by having guests pay a nominal fee per night. InsuraGuest then pays out these small claims, avoiding impact to the hotel or vacation rental operator's general liability policy.\"Increasing our platform integration to 82 different property management systems gives us the ability to connect with over 90% of the systems in use today, systems which are used by Hilton, Marriott, Hyatt, Wyndham and Airbnb,\" states Douglas Anderson, chairman and CEO of InsuraGuest Technologies, Inc. InsuraGuest is an insurtech company that utilizes a proprietary software platform to deliver specialized Hospitality Liability coverages to member hotel or vacation rental properties. With InsuraGuest custom coverages, properties benefit from an additional layer of protection should a guest experience an accident, in-room property damage, death and dismemberment or theft while staying at an InsuraGuest-covered hotel property. Property Management System IntegrationInsuraGuest now integrates with 82 different property management systems through its proprietary API, which enables an organization to transfer certain liability exposures to the InsuraGuest carrier. By transferring certain liabilities to InsuraGuest Hospitality Liability coverages, the covered hotel or vacation rental property can lower its claim ratio and risk profile, which may decrease the property's general liability premiums. Created specifically for Ins...