Business
InsuraGuest Launches Strategic Alliance with SUITELIFE
VANCOUVER, BC / ACCESSWIRE / December 2, 2021 / InsuraGuest Technologies, Inc.® (TSX-V:...
About this update from Insuraguest Technologies Inc
[{"type":"text","content":"InsuraGuest Launches Strategic Alliance with SUITELIFEVANCOUVER, BC / ACCESSWIRE / December 2, 2021 / InsuraGuest Technologies, Inc.® (TSX-V:ISGI)(OTCQB:ISGIF) (\"InsuraGuest\" or the \"Company\"), through its wholly owned U.S. hospitality subsidiary InsuraGuest® announces it has launched its strategic alliance with SUITELIFE Underwriting Mangers, a division of the Ryan Specialty Group family and a part of RSG Underwriting Managers, LLC, the managing general underwriting specialty of Ryan Specialty Group.SUITELIFE works with top-rated insurance companies, specialty claims administrators and offers strategic loss prevention relationships to help retail agents and brokers better control their hotel client's exposure to risk. The SUITELIFE program is customized for each type of hotel or resort, combining comprehensive coverage, responsive underwriting, exceptional service, risk management tools and competitive premiums, available exclusively through independent insurance agents and brokers.Under SUITELIFE, insured organizations are eligible to become a Preferred Customer of InsuraGuest.Charles Cayias, President of InsuraGuest Insurance Agency, stated, \"An average hotel has 150 rooms, with an average occupancy of 60%. Our alliance with SUITELIFE gives us direct access to 700 plus hotel and resort customers in SUITELIFE's portfolio, which equates to over 100k rooms, or over 22 million nights stayed per year.\"Property Management System Integration InsuraGuest integrates with hotel property management software through its proprietary API, which will enable hotel users to transfer certain liability exposures to the InsuraGuest carrier. By transferring certain liabilities to the InsuraGuest Hospitality Liability coverages, the covered short-term rental policy can lower the hotels claim ratios and risk profiles, which may decrease their umbrella liability policy and/or their GL policy.Hotel Operators The hotel entity automatically attaches the InsuraGuest coverage to each reservation, which activates at check-in and de-activates it upon check-out. The complete fee for coverage and software is $4.95 per night.About InsuraGuest Technologies Inc. Harnessing the Power of Technology to Reinvent InsuranceInsuraGuest Technologies (TSX.V: ISGI) is an insurtech (insurance + technology) company that is disrupting the insurance landscape...