Insuraguest Technologies Inc. ISGI.V
Sector: Insurance/Hospitality (“Insurtech” (insurance + technology))
Focus: InsuraGuest Technologies focuses on using the power of technology to deliver insurance digitally across all sectors, empowering customers by offering on-demand insurance products, anytime and anywhere.
Comparable
Lemonade , a company in the industry has recently been assessed a $2 Billion valuation.
Key Clients
Market Cap: $1.95 Billion
Managing Assets value: $93 Billion
Offered Insuraguest access to 9,300 Hotels for their product
#1 Supplier of vacation rentals to AirBNB
Gave Insuraguest access to their 60,000 unit vacation rental network
Producing nearly $2 Billion in yearly revenue
Served over 150,000 Clients
7,500 Associates
Over 100 integrated software partners
Real-time data and insights and notifications for property managers
Key points
Profit Margins
(HUB international) $4.95 per room per night stayed. 10% goes to hotel revenue; $1.75 to insurance costs resulting in a %60 profit margin
(GUESTY) $11.95 per unit per night stayed on vacation rentals. Results in an 80% profit margin.
Massive market valuation: 6.8B nights stayed in the world last year (2019). 36B year market at $4.95/night
Insiders hold approx. %60 of outstanding shares.
General liability insurance has increased year over year at an alarming rate; up 40% in the last four years
Ranked #1 easiest system to use
Patented software which allows seamless integration between client and customer
Claims are submitted digitally and resolved in a timely fashion
Insurance is activated when checked in and deactivated when checked out digitally in real-time.
Insuraguest’s platform is based on a mandatory insurance basis per night stay.
Insuraguest has created an industry first by combining Property and casualty/accident and health insurance together.
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