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The new product combines General Liability, Directors and Officers and Athletes Medical, building on the growing trend towards embedded insurance.
It includes 3 types of insurance, contains 400 forms, and is launched in 41 states nationwide.
This offering is underpinned by a core insurance platform Socotrawhich allows insurers to go live using an API-driven path.
Players Health and other InsurTech MGAs will be able to bring complex insurance products to market faster, more affordably, and have greater flexibility for future growth. group woodsCEO of Socotra.
Insurance plays an important role in the lives of sports teams, and it may be impossible for a team to play without insurance. This means that you need to purchase different types of insurance. Getting the right coverage for your team quickly and efficiently is often a daunting task.
Chosen as the core system by 27 insurers and the Insurtech MGA in the last 18 months, Socotra provides today’s innovators with the insurance industry’s most open and relevant platform. Socotra enables insurers to launch insurance products with out-of-the-box functionality or integrate custom or third-party technologies within the insurance ecosystem via open APIs.
Players Health is dedicated to delivering new products through a digital front end and incorporating rapidly changing assessment content, rules and forms.
they chose biz dynamicsof cloud business units Value Momentum Co., Ltd. A certified Socotra partner deploying a cloud-based rating engine and digital engagement platform integrated with Socotra.
Players Health is one of the first MGAs to enable brokers to develop their sports and fitness business through a user-friendly digital portal. till Burksfounder and CEO of Players Health.
This digital-first approach is only possible with BizDynamics Digital Engagement Platform combined with the Socotra Policy Core, which allowed us to launch our unique sports insurance product quickly and easily. Socotra Together, BizDynamics and BizDynamics have been trusted and trusted partners, and we look forward to expanding the reach and scale of Players Health in the future.”
Players Health provides risk management and insurance products to protect young athletes and provide a safe place to play sports.
With more than 400,000 amateur sports organizations and 45 million children participating in organized sports in the United States, there is a growing need for these organizations to strengthen and put athlete safety and health first. increase. Players Health works with a variety of sports organizations, including: us youth soccer, NFL flag football, i9 sport When american cheer.
Our partnership with Socotra and BizDynamics is strongly aligned with our overall strategic direction. Sandeep BajajChief Information Officer at Players Health.
We are excited to work with Socotra and BizDynamics to deliver an API-enabled technology stack built on a modern cloud-native architecture. and focus on the customer experience.
As an embedded insurance provider, BizDynamics provided implementation support as well as a digital engagement platform that underpins Players Health’s broader engagement strategy. Players Health also partnered with Socotra and BizDynamics to launch new sports and health insurance products in Canada within two months.
ants IyalBizDynamics President of Markets and Outreach commented: their own risk.
Together, we were able to deliver these advanced capabilities in an exceptional timeframe. Helping Players Health advance its vision of value-added services including digital engagement and embedded insurance for the sports ecosystem. I look forward to what I can do.
