InsuraGuest provides ski season results for ISG Active
VANCOUVER, BC /ACCESSWIRE/May 10, 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 the end of ski season financial results for ISG Active (www.ISGActive.com ).
From its launch on December 16, 2021 through the end of March 2022, InsuraGuest’s digitally delivered event-based insurance product generated $260,879 in gross premiums, including $160,826 for insurance coverage integrated for participants who have purchased their one-day ski tickets online. and US$100,053 has been added for attendees who choose to upgrade their policy for additional coverage when purchasing their tickets online.
For the 2022-2023 ski season, ISG Active will expand and add additional sales channels through pre-sold multi-day ski tickets, season passes, and physical ski tickets purchased at the walk-in window.
“The successful launch of ISG Active provides us with an additional revenue stream and provides us with the data we need to grow our technology platform and sales efforts. We plan to sell our integrated insurance product to more people. ‘online paid events including ski resorts, golf courses, organized sports venues, amusement parks and music venues,’ says Reed Wright, president of InsuraGuest.
ISG Active will be attending the National Ski Areas Association (NSAA) Annual Meeting in Nashville, TN May 11-15. Please stop by our booth (604) to learn more about how we can help protect your ski guests. www.NSAA.org
About AssuraGuest Technologies Inc.
Harnessing the power of technology to reinvent insurance
InsuraGuest Technologies (TSXV: ISGI) is an insurtech (insurance + technology) company that is shaking up the insurance landscape by using its proprietary software platform to automatically match its short-term insurance products to vacation rentals and hotel bookings, and now in sporting activities.
For more information, visit the company’s website at: www.InsuraGuest.com
For more information about ISG Active, visit our website at: www.ISGActive.com
“Readers are cautioned that sales alone do not provide a complete picture of the company’s financial results and position. For a complete financial picture of the company, readers are invited to consult the Company’s published annual and quarterly financial statements. “
The IThe information in this press release contains forward-looking statements based on assumptions as of the date of this press release. These statements reflect management’s current estimates, beliefs, intentions and expectations. There can be no assurance that this new commercial product offering or other planned products will be successful and coverage of winter events is seasonal. The insurance industry is extremely competitive and the Company’s competitors have far more resources than the Company. Acceptance by potential customers is difficult to predict, especially with new products and disruptive technologies. If the Company is not accepted by the market, this will have a significant impact on its results and its financial resources. 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 can be no assurance that such financing will be available at reasonable prices or at all.
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InsuraGuest Technologies, Inc.
THE SOURCE: InsuraGuest Technologies Inc.
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