Business
InsuraGuest Gives Company Update and Announces a 251% Revenue Growth
VANCOUVER, BC / ACCESSWIRE / June 1, 2022 / InsuraGuest Technologies, Inc.® (TSXV:I...
About this update from Insuraguest Technologies Inc
[{"type":"text","content":"InsuraGuest Gives Company Update and Announces a 251% Revenue GrowthVANCOUVER, BC / ACCESSWIRE / June 1, 2022 / InsuraGuest Technologies, Inc.® (TSXV:ISGI)(OTCQB:ISGIF) (\"InsuraGuest\" or the \"Company\"), announces its Company update and business outlook for its first quarter of 2022.InsuraGuest Technologies Inc. is a publicly-traded Canadian insurtech (insurance + technology) software company (\"ISGI\") with offices in Vancouver, British Columbia and Salt Lake City, Utah. Our proprietary software platform delivers digitally embedded and opt-in insurance packages directly to our members on a business-to-business and business-to-consumer basis. The Company also provides insurance agents and brokers the ability to sign up instantly online through its automatized agency/broker software platform. These brokers and agents then become channels to sell the Company's products to their own customers, speeding up the process of distributing products through the insurtech platform.The Company is engaged in generating revenue from hospitality and participant event insurance products delivered through its insurtech software platform along with developing future insurance solutions. The products in combination with our platform deliver specialized Hospitality Liability and Sports & Events Activity coverages to our member properties. With InsuraGuest custom coverages, properties benefit from an additional layer of protection should a guest experience an accident or theft while staying at an InsuraGuest-covered hotel or vacation rental property or participating in a covered event.During the three and nine months ended March 31, 2022, the Company continued to build on the 2019 launch of its proprietary software products and continued adding vacation rentals; with 185 properties added in the first quarter of 2022. Additionally, in December 2021, the Company began generating revenues in its ISG Active division with event participant insurance for skiers, snowboarders, and other outdoor winter resort activities when tickets for those activities are purchased online in advance. US$433,803 was added in 2022 compared to US$123,477 the previous year, which constitutes a 251% year over year growth in 2021 year, and a 664% year over year growth from the 2020 year.We did not add any new hotels to our customer list, but as of recent, we have see...