VANCOUVER, BC / ACCESSWIRE / March 1, 2022 / InsuraGuest Technologies, Inc.® (TSXV:ISGI)(OTCQB:ISGIF) ("InsuraGuest" or the "Company"), through its wholly-owned U.S. subsidiary InsuraGuest Risk Purchasing Group, LLC®, announces initial results from the product launch of InsuraGuest's new sports activities insurance coverage announced in the December 13, 2021 press release. From the beginning of this year's 2021-22 winter ski, snowboard, and tubing season, InsuraGuest has sold the digitally embedded insurance coverage to in excess of 200,000 participants. The Company's sports and event activities products are being marketed as ISG Active (www.ISGActive.com).
ISG Active's product offerings provide digitally embedded, daily event participant insurance coverage for winter and summer events targeting ski, snowboard, tubing, organized youth leagues, golf, and other participant activities for online ticket purchases. Next month InsuraGuest will begin selling digitally delivered advanced 2022-23 winter sports prepaid season pass insurance coverage. Additionally, the Company will begin selling its summer event embedded digital insurance coverage through online ticket sales beginning at the end of this ski season.
Reed Wright, President of InsuraGuest, stated, "InsuraGuest is pleased to see the acceptance of this new revolutionary digitally embedded insurance product in the marketplace and the higher than forecasted purchase rates for the Company's upgraded coverage. InsuraGuest looks forward to achieving the same success starting next month with the season pass insurance product for the 2022-23 ski season."
About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies (TSX.V:ISGI) is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to automatically attach its short-term insurance products to vacation rental and hotel reservations, and now sports activities.
CA / LIC: 6001686
For more information, visit the company's website at: www.InsuraGuest.com
For more information on ISG Active, visit our website at: www.ISGActive.com
'Readers are cautioned that sales alone do not provide a complete picture of the financial results and position of the company. For a complete financial picture of the company, readers should consult the Company's annual and quarterly published financial statements. "
The information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. There is no assurance that this new business product offering or other planned products will be successful. The insurance industry is intensely competitive, and the Company's competitors have significantly more resources than the Company. Acceptance by potential customers is difficult to predict, particularly in the case of new products and disruptive technologies. If the Company fails to achieve market acceptance, this will significantly impact its results and financial resources. Achieving market acceptance may require advertising budgets that exceed the Company's current resources and require the Company to seek additional debt or equity financing. There is no assurance that such financing will be available at reasonable prices or at all.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Company Contact:
InsuraGuest Technologies, Inc.
Media Relations
Adam Handelsman
media@InsuraGuest.com
+1 512-363-0594
SOURCE: Insuraguest Technologies
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https://www.accesswire.com/690801/InsuraGuest-Provides-Initial-Results-for-its-New-Activities-Program-ISG-Active
