OwlSurance (formerly BizDynamics), a business unit of ValueMomentum, congratulates Players Health on their successful rollout of Commercial Property, a critical addition to their portfolio of bespoke insurance offerings for sports organizations.
Piscataway, NJ – October 24, 2023 –
Players Health, an innovative sports platform and Insurtech MGA, is celebrating another 90-day launch of a new insurance product, Commercial Property, following similar successes earlier this year for Accident & Health and General Liability. The successful launch was announced today by their partner, OwlSurance, a business unit of ValueMomentum.
OwlSurance delivered 15 states in 90 days, including digital quote and bind, Commercial Property rating pre-integrated with Verisk’s ISO Electronic Rating Content™ (ISO ERC™), third-party integrations, and more than 150 forms. Additional states were rolled out in batches in three-week intervals. Today, Players Health has doubled the reach of their Commercial Property product to 30 US states.
Based in Minneapolis, Minnesota, Players Health provides risk management services to sports organizations seeking to manage the health of young or amateur athletes, coaches, and owners. They aim to be a one-stop shop for a variety of services to promote the health and safety of athletes in today’s sports landscape. Following the successful introduction of GL and A&H insurance products earlier in 2023, expanding to provide clients with Commercial Property coverage was the next natural step.
Tyrre Burks, Founder and CEO of Players Health, commented, “Bespoke insurance products are critical to our community of sports organizations. We founded Players Health to focus on their needs in a way that larger companies may not be able to, including insurance. Commercial Property is a requirement for many of our clients, and I’m delighted to be able to offer it to them so quickly.”
Sandeep Bajaj, Group Chief Information Officer of Players Health, added, “Our prior successful launch with OwlSurance and Socotra gave us confidence in their ability to meet our aggressive timeline without sacrificing quality or cutting corners. We can now offer crucial insurance products to our clients in most US states – that’s a huge change from where we were just last year.”
The successful launch focused not only on speed to market but also on a seamless digital experience, which has always been essential to Players Health’s value proposition. It was made possible through a cloud-native tech stack including a headless instance of Socotra Connected Core integrated with OwlSurance’s Quote Management, Rating and Engage for digital engagement. Players Health also benefited from Verisk’s ISO ERC™ to set up the new product faster in multiple geographies.
“We’re delighted to help clients like Players Health go to market faster by leveraging ISO ERC™,” said Ron Beiderman, Senior Vice President of core lines products and services at Verisk. “They also gain the peace of mind of knowing that they will be using the latest rating content and are streamlining their processes to create greater efficiency.”
“When we first engaged with Players Health, they were excited about the possibility of rapidly adding new products to existing quote-bind journeys, making product and experience changes in a low-code environment, and stitching together multiple systems,” said Anant Iyer, President, OwlSurance. “We have been able to deliver on that promise and meet the aggressive 90-day timeline. The combination of our strong partnership with Players Health, the hard work of the OwlSurance team, and our robust solutions and services including Quote Management and Rating and the implementation of the Socotra Core made this complex project a success. We congratulate Players Health on their third successful product launch in a row, and we’re very proud to be on their team as they continue to reinvent risk management for sports organizations.”
About Players Health
Minneapolis-based Players Health is a sports technology platform providing digital risk management services, reporting tools and insurance products to sports organizations to comply with changing athletic environments and responsibilities. Working towards establishing the safest environment for athletes, Players Health views the health and safety of athletes as a priority in today’s sports landscape. For more information, visit www.playershealth.com.
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, ESG and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.
OwlSurance, a business unit of ValueMomentum, is a Cloud SI helping Life Insurers, Small & Mid-Tier P&C Insurers, Protection Plans, MGAs, and other distributors leverage technology and cloud infrastructure to simplify their operations and speed up innovation to address new markets and launch new products and experiences. OwlSurance was previously known as BizDynamics. For more information, visit www.owlsurance.com.