The successful rise of fintech has inspired a similar wave of technological innovation in the insurance sector, as more companies are looking for ways to serve their customers.
InsuraGuest Technologies (TSX.V: ISGI) (ISGI Profile) is one of the companies in this arena, providing software that eases the provision of insurance for specialist sectors. W.R. Berkley Corporation (NYSE: WRB) is adapting through the reorganization of its business, combining divisions and creating new ones as insurance necessitates change. Berkshire Hathaway Inc. (NYSE: BRK.A), like many other insurers, relies on data and analytics to constantly improve its understanding of the market and of insurance customers’ needs. Fairfax Financial Holdings Ltd. (OTC: FRFHF) is invested in a range of insurance companies around the world, providing the financial support for insurtech innovations. And AON plc (NYSE: AON) is experimenting with disruptive technology, such as blockchain in its insurance products, and has gained industry recognition for its work on cyber insurance.
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About InsuraGuest Technologies Inc.
InsuraGuest is a world-leading SaaS (Software-as-a-Service) company that utilizes its proprietary insurtech (insurance + technology) flagship software, InsuraGuest, to deliver custom Hospitality Liability coverages through its wholly owned subsidiary, InsuraGuest Risk Purchasing Group LLC. Through the combination of InsuraGuest’s integrated software and custom coverages, guests benefit from the property having InsuraGuest if there are losses during their stays. InsuraGuest coverages are purchased by the hotels and vacation-rental properties, which can address claims from guests and their room occupants during their stay. The InsuraGuest Hospitality Liability coverages insert a layer of protection on a primary basis should a guest or their room occupants experience an accident and/or theft during their stays at insured hotels or vacation-rental properties. For more information, visit the company’s website at www.InsuraGuest.com.
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