Latest news with #Insurtech
Globe and Mail
28-05-2025
- Business
- Globe and Mail
InsuraGuest Reports 15% Gross Margin Growth and 54% Reduction in Net Loss Year-Over-Year
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - InsuraGuest Technologies, Inc.® (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), a leading innovator in the Insurtech space, has announced its financial results for the nine months ended March 31, 2025, highlighting significant growth and improved financial efficiency. The Company achieved a 15% year-over-year increase in gross margin dollars driven by a $47,476 boost in revenue and an improvement in gross margin percentage from 61% to 65.8%. The expansion of vacation rental properties and a full nine months of revenue from our newest customer contributed to this upward trend. Additionally, strategic cost management efforts led to a 54% reduction in comprehensive loss, decreasing from $379,720 to $174,731. "We continue to expand our vacation rental portfolio and enhance our insurtech solutions," says President Reed Wright. "Our technology stack and products are increasingly recognized as industry leaders in the vacation rental, hotel, and events sectors, fueling revenue growth and driving us towards profitability." About InsuraGuest Technologies Inc. Harnessing the Power of Technology to Reinvent Insurance InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an innovative Insurtech company delivering insurance and warranty coverages to vacation rentals, hotels, resorts, and ticketed events. The Company offers tech-driven risk management solutions in the hospitality sector and continues to expand its offerings to meet market demands. CA / LIC: 6001686 For more information, visit the company's website at: 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 and hospitality industries face increasing, and every-changing governmental regulation. 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.
Hamilton Spectator
20-05-2025
- Business
- Hamilton Spectator
Duck Creek Technologies Kicks Off Formation '25 to Shape Insurance's Future
BOSTON, May 20, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies , the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today kicks off Formation '25 , its flagship customer conference, at the Signia by Hilton Bonnet Creek in Orlando, Florida. Formation '25 will focus on how insurers lead, adapt, and innovate together to face unprecedented circumstances in the insurance industry. Formation '25 is a dynamic event featuring enriching content, extensive industry networking opportunities, and unforgettable moments. 'Formation provides a unique platform for insurance professionals to come together, share insights, and explore the transformative power of AI,' said Mike Jackowski, Chief Executive Officer of Duck Creek Technologies. 'We are thrilled to host this conference and look forward to the impactful conversations and innovative ideas that will emerge with our customers and partners.' Kicking off the event, Jackowski takes the main stage to discuss the insurance industry's toughest challenges and solutions shaping its future. Jackowski will challenge the insurance industry to stretch their imagination on how to leverage new technology, such as Agentic AI, to boost the industry to the leading-edge of innovation. The opening keynote will be followed by different customers and Duck Creek leaders to provide a deep dive into topics such as how adopting a modern platform with evergreen Software-as-a-Service (SaaS) and how Active Delivery will transform their business by driving growth and profitability and improving risk and exposure. In addition to main stage general sessions, Formation '25 will host 50 general and hyper-focused breakout sessions covering every aspect of the P&C insurance industry attendees have top of mind. Sessions will cover AI and machine learning in Insurtech, distribution management, loss control, payments, reinsurance, successful migration strategies, and so much more. The conference agenda is packed with engaging sessions for in-depth learning and networking opportunities, including exclusive forums for customers to discuss product experiences and share best practices in User Group sessions. The Launchpad will showcase Duck Creek's latest innovations and partner solutions in an interactive space. Networking events, such as the Women in Insurance Networking (W.I.N.) event, will provide opportunities to connect with peers and industry leaders about Evolving Conversations. Formation '25 highlights real-world customer success stories, with case studies and panel discussions featuring organizations that have leveraged Duck Creek's solutions to drive digital transformation and operational efficiency. The event also showcases Duck Creek's robust partner ecosystem, with over 50 partners participating as sponsors. Platinum sponsors include Aggne, a wipro company, Coforge, Cognizant, InvoiceCloud and LTIMindtree. For a full list of Formation '25 sponsors, click here . For more information on Formation '25, including the full agenda and speaker lineup, visit . About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite , and all are available via Duck Creek OnDemand . Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X . Media Contacts: Marianne Dempsey/Tara Stred duckcreek@
Yahoo
15-05-2025
- Business
- Yahoo
InsuraGuest to Attend Short-Term Rental Forum, Showcasing Innovative Risk Management Platform to Over 350 Industry Leaders
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - InsuraGuest Technologies, Inc.® (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), a leading Insurtech innovator, is thrilled to announce its participation in the Short-Term Rental Forum at the Grand Hyatt Deer Valley Resort in Park City, Utah, on July 21-22, 2025. The Short-Term Rental Forum will convene over 350 key decision-makers, including short-term rental owners and operators, technology providers, hospitality and travel experts, lenders, and investors. This event presents a prime opportunity for InsuraGuest to forge strategic partnerships, expand its market presence, and showcase its innovative platform designed to address guest damages and accidental medical injuries. By engaging directly with industry leaders, InsuraGuest aims to secure new clients and integrations with property management systems, driving adoption of its solution in a rapidly growing sector. The Forum's focus on maximizing profitability through pricing strategies, real-time market data, and automation tools aligns perfectly with InsuraGuest's mission to help operators reduce financial risk and streamline operations. InsuraGuest's platform offers a unique solution that mitigates the rising costs of guest damages while enhancing the booking experience. By allowing operators to waive security deposits, the platform makes bookings more convenient and less risky for guests, while ensuring coverage for furniture, household items, appliances, and guest injuries during the rental period. "We've developed a niche product that creates a win-win for all stakeholders," said Steve Glick, Chief Sales Officer at InsuraGuest. "Attending the Forum allows us to demonstrate how our solution empowers operators to minimize financial risk and protect their assets, positioning InsuraGuest as a trusted partner in an increasingly competitive market." Attending the Forum will provide InsuraGuest with unparalleled advantages, including direct access to a concentrated audience of decision-makers, enabling targeted networking and lead generation. The event's 350+ attendees represent 350 potential business opportunities, from securing contracts with short-term rental operators to collaborating with technology providers and investors eager to support innovative Insurtech solutions. Participation will also enhance InsuraGuest's brand visibility, reinforcing its leadership in the Insurtech space and fostering discussions that could shape future product enhancements tailored to the industry's evolving needs. As the short-term rental industry continues to expand, robust risk management strategies are critical to safeguarding operators from financial losses caused by guest damages. InsuraGuest is poised to stand out at the Forum by demonstrating how its platform provides a reliable and efficient way to control expenses that often arise during rental periods, ultimately driving predictable income streams for operators. About InsuraGuest Technologies Inc. Harnessing the Power of Technology to Reinvent Insurance InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an innovative Insurtech company delivering insurance and warranty coverages to vacation rentals, hotels, resorts, and ticketed events. The Company offers tech-driven risk management solutions in the hospitality sector and continues to expand its offerings to meet market demands. CA / LIC: 6001686 For more information, visit the company's website at: 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 on 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, IncMedia RelationsReed Wrightmedia@ ### To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Tokio Marine HCC International names new CEO
Tokio Marine HCC International (TMHCCI), part of the Tokio Marine HCC (TMHCC) group, has appointed Thibaud Hervy as its new CEO, pending regulatory approval. At the same time, Simon Button has been promoted to chief underwriting officer (CUO) of TMHCCI, taking over from Hervy. Hervy was previously the CUO of specialty lines, while Button was formerly the CUO of the London market. Hervy joined the company in 1999 as an underwriter in the HCC Global financial lines team, covering France and the Benelux region. He held various senior roles including managing director of HCC Global in 2010. He was appointed CUO of TMHCCI specialty lines in 2014, overseeing business' underwriting and distribution strategies. Button, who joined TMHCCI in 2000, has worked in leadership roles across the property, marine and energy underwriting divisions. In his expanded responsibilities, Button will oversee the underwriting strategy to expand offerings. TMHCC CEO Susan Rivera said: 'As we embark on an exciting new chapter, Thibaud will spearhead our international growth and the expansion of our product suite. 'I am also delighted to announce Simon's appointment as CUO of our International business. Thibaud and Simon's expertise will be core to the new offerings we are developing and to achieving new heights of excellence in service and innovation for our clients.' This announcement follows the appointment of Barry Cook as deputy CEO of TMHCC, after leading TMHCCI for more than 20 years. Rivera added: 'Barry's impact on our international business cannot be overstated. When he took the helm in 2005, TMHCCI was a small player in London. Today, Barry leaves it a $2.8bn [Y404.5bn] market leader with an excellent track record of success over decades. 'I am delighted to be working even more closely with Barry in his new role, and in Thibaud, we have the ideal candidate to carry on his legacy.' In January, TMHCC partnered with Insurtech company Optalitix to improve its underwriting and pricing systems in the London market. "Tokio Marine HCC International names new CEO " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
Nassau Financial Group Expands Insurtech Program with New Capital Commitment
HARTFORD, Conn., April 21, 2025--(BUSINESS WIRE)--Nassau Financial Group ("Nassau"), a leader in Connecticut's Insurtech community, today announced it is expanding its Nassau Reimagine program to support early and mid-stage startups with a new $10 million capital commitment. The program will target companies in Insurtech, Fintech, Retiretech, and other related sectors in Nassau's primary business locations, including Connecticut and New York. "We are excited to expand our Nassau Reimagine program with additional capital and resource support. Our program has supported over 100 startups in our communities since its inception in 2019, as a first-of-its-kind among Hartford-based insurance companies. Through this added commitment, we look forward to enabling technological innovation for the insurance industry with new companies in our communities," said Phil Gass, Chairman and CEO of Nassau. Established in 2019, Nassau Reimagine has provided resources, support, and connections to more than 100 startups and scaleups who are actively transforming the Insurtech and Retiretech landscapes. It also has led a number of Retiretech conferences, Hartford Innovation Week, and the TalentBridge Program in partnership with University of Connecticut. The capital commitment is the latest expansion of Nassau's mission to advance innovation in the insurance industry. In addition to leveraging relationships within its existing Reimagine network, Nassau will work with key public and private constituents in identifying investment opportunities, including state economic development programs, academic institutions, industry organizations and other accelerators and incubators. Interested startups can learn more at Nassau Reimagine. About Nassau Financial GroupBased in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau's fixed annuities provide comprehensive and customizable retirement solutions, delivered with advanced digital capabilities and a team dedicated to delivering industry-leading service. Nassau Asset Management LLC and its subsidiaries oversee the assets of Nassau's insurance companies and offer specialty investment strategies to third-party clients. These strategies include public and private debt, CLO debt and equity, real estate debt and equity, and alternatives. Nassau was founded in 2015 and has grown to $24.8 billion in assets under management, $1.7 billion in total adjusted capital, and about 370,000 policies and contracts as of December 31, 2024. For more information, visit View source version on Contacts Nassau Financial Nicholas Lence Communicationsjasmin@ Sign in to access your portfolio
