InsuraGuest Technologies (TSXV: ISGI) this morning had an important announcement related to its recently developed travel insurance product. The company has signed a contract with Centred, an online travel and wellness platform.
Centered is a vertically integrated platform that seeks to connect travel to wellness brands in 1,000 cities around the world. The company, thanks to its many partnerships, would have access to more than 57 million members worldwide. The company works with business partners in the fields of travel, fitness, health and beauty.
Once integrated through the InsuraGuest API, US consumers will be able to purchase travel insurance from InsuraGuest on the Centered platform, Centred-Wellness.com. However, the insurance will cover the client’s entire trip, rather than time spent only at the hotel or vacation rental.
The deal itself is categorized as a “technology and distribution deal,” which will see Centered pay marketing fees to connect InsuraGuest to its customers. The arrangement can also be extended, with extensions planned in Centred’s partnerships with Amex, Dragon Pass and Mastercard.
âThis collaboration with Centered will be another way to build customer confidence and provide customers with peace of mind when they return on their trip. Both parties believe that increasing consumer confidence will help improve bookings and associated revenues over time, âcommented President Reed Wright of the announcement.
InsuraGuest Technologies last traded at $ 0.305 on the TSX Venture Exchange.
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