Category: Press Release

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.”

In less than 90 days, Players Health launched General Liability nationwide and is now writing GL and A&H nationwide in the US and Canada.

Piscataway, NJ – February 16, 2023 – OwlSurance, a cloud business unit of ValueMomentum, Inc., is pleased to announce Players Health has successfully launched their MGA operations with a four-month go-live for General Liability and Accident & Health. The GL product was launched nationwide in a remarkable 90 days, followed by A&H deployment and expansion to all 50 US states and several Canadian provinces.

Players Health’s successful new insurance business was made possible with a broad move to a cloud-native environment with a headless instance of Socotra Connected Core integrated with OwlSurance Quote Management System, Rating and Engage for digital engagement with agents. OwlSurance managed the implementation as a certified partner of policy administration provider Socotra.

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. Insurance was a natural addition to Players Health’s existing modern ecosystem of products and services and their next target for growth. They needed MGA capabilities, including agent tools and online quoting, to offer a bespoke insurance product to their clients.

“The ability to deliver insurance products digitally was critically important to us as a way of expanding our top-notch risk management services for sports organizations,” said Tyrre Burks, Founder and CEO of Players Health. “In partnership with OwlSurance and Socotra, we have achieved our aggressive timeline to roll out insurance offerings to start benefiting our customers immediately.”

Sandeep Bajaj, Group Chief Information Officer of Players Health, added, “A seamless and engaging digital experience is one of our key differentiators for our clients. With these cloud-native tools from OwlSurance and Socotra supported by OwlSurance’ tech concierge services, we’ve built the foundation for success in our insurance expansion. It’s now fast and easy for us to launch products quickly in multiple geographies and pivot with tweaks to both products and experience flows to address market changes and new audiences.”

Players Health selected OwlSurance to implement Socotra Connected Core with a robust combination of OwlSurance solutions and services for front-end, rating, digital engagement, and API and integration gateways. Players Health also forged a strategic applications partnership with OwlSurance. Going forward, OwlSurance will provide a new case management app for Players Health and support all of the company’s current and future apps. OwlSurance also provides ongoing tech concierge services for Players Health, including API and integrations, infrastructure support, and a help desk. A full case study is now available at owlsurance.com.

“For Players Health, the success of the project hinged on being able to rapidly add new products to existing, streamlined quote-bind journeys, make product and experience changes in a low-code environment, and stitch together multiple systems within native cloud capabilities,” said Anant Iyer, President, Markets and Outreach for OwlSurance. “User experience is one of the most important key differentiators that Players Health identified in our initial meetings, and we were pleased to be able to meet all of their requirements while going live in all US states in 90 days.”

OwlSurance, a cloud business unit of ValueMomentum, will offer AAIS Members rate-quote capabilities for Commercial Output Program and Inland Marine Guide starting in early 2023, accessible anywhere and anytime in the cloud.

Piscataway, NJ – November 08, 2022 – OwlSurance, a cloud business unit of ValueMomentum, Inc., and the American Association of Insurance Services (AAIS) announced the launch of a new rate-quote platform for Commercial Output Program (COP) and Inland Marine Guide.

 The new OwlSurance platform supports AAIS COP, using the exact rates, rules and forms that AAIS provides alongside an
enhanced user experience and a faster quoting process. AAIS Members will be able to access OwlSurance’ fully managed, cloud-based platform anywhere and anytime. The OwlSurance quoting platform will also be kept current with AAIS COP
Bulletin updates. Support for COP will be ready by the end of 2022, with Inland Marine Guide support to follow in 2023.

 “We’re thrilled by the possibilities this new guide platform offers to AAIS Members,” said Anant Iyer, President of Markets and Outreach at OwlSurance. “We’re able to offer AAIS Members faster quoting capabilities in a modern user experience, based in the cloud for 24/7 availability. The solution will have full compliance with AAIS rates, rules, and forms.” 

 John Kadous, VP of Products at AAIS, added, “OwlSurance from ValueMomentum is a long-time, trusted partner of AAIS. We’re excited to expand our relationship with the rollout of this new offering for AAIS Members on a countrywide basis.”

 “We have an ongoing collaboration with AAIS- to ensure quality. This takes our relationship to a whole new level,” added Bob Ridinger, VP of Business Development at OwlSurance. “We look forward to helping AAIS Members adopt the new OwlSurance platform over the next few months.”

Piscataway, NJ – February 24, 2022 – OwlSurance, a cloud business unit of ValueMomentum, announced today that it is partnering with Boost, an insurance infrastructure-as-a-service platform that enables businesses to offer white-labeled, embedded insurance. This partnership will allow OwlSurance’ clients to efficiently deploy new insurance products and experiences to their agents and customers, powered by OwlSurance’ applications and Boost’s infrastructure, without requiring in-house development resourcing.

Additionally, OwlSurance’ intuitive applications are ready to support quote and buy journeys for Boost’s products. Boost’s cyber product is the first one to be made available on OwlSurance and additional products – management liability insurance for startups and Business Owners Policy insurance are slated to be next in line.

Boost is a pioneer in developing the insurance infrastructure-as-a-service sector with its API-driven digital insurance platform. Boost’s platform helps leading InsurTechs easily build and manage their digital business by packaging the necessary technological, operational, compliance, and capital components into one turnkey solution. Boost is a fully licensed insurance managing general agency and its programs are 100% backed by ‘A’-rated insurers and global reinsurance companies.

As a Technology Concierge, OwlSurance provides and operates fully managed cloud infrastructure, applications and modern data platforms for insurers. OwlSurance also provides cloud gateways and API management tools to help insurers make their offerings easily available through various distribution channels and end-points and to connect to core systems and vendors. These are underpinned by OwlSurance’ modern technology platform that helps insurers gain an innovation edge while keeping capital and maintenance costs low. Insurers rely on the platform to build on their strengths in distribution, segment leadership, digital operations, and ecosystem partnering.

“We are excited to collaborate with OwlSurance to reach more of the potential market,” said Anthony McKelvy, Vice President of Strategic Partnerships at Boost. “Boost’s infrastructure-as-a-service platform helps any licensed insurance entity to quickly and easily deploy new, white-labeled insurance programs, broadening their insurance offering with new and highly relevant products. OwlSurance’ technical expertise, intuitive applications and cloud gateway services will create access for more insurers to grow their revenue with programmatically-underwritten digital insurance products.”

“Insurers are operating in an evolving environment. On one side, they have to meet the expectations of digital-first consumers while on another, they have to fend off threats from tech-savvy giants and hyper-specialized tech startups. Sustainable growth in this fluid landscape requires adaptive business models and proficiency in partnering with ecosystems. OwlSurance’ cloud gateways provide an easy way for insurers to integrate with an ever-expanding set of leading ecosystems, keep these integrations up to date, without incurring high set-up costs and maintenance budgets. OwlSurance’ modern platform makes it possible to rapidly capitalize on these ecosystem services when building engaging channel and customer relationships, multi-channel quote & buy journeys and services. Boost’s modern insurance products and insurance infrastructure-as-a-service platform represent a great opportunity for our customers to seamlessly expand their insurance offering within their existing platform,” said Anant Iyer, President – Markets & Outreach, OwlSurance.

Piscataway, NJ – December 22, 2021 – OwlSurance, a cloud business unit of ValueMomentum, Inc., congratulates its clients on a successful year of transformation in engagement, distribution and rating-quoting. “Despite its challenges, 2021 has been a great year for our Clients,” said Srini Vasireddy, President – Customer Success. “Our Clients are reaping the benefits of cloud-native services in their transformations. Now they can deliver more for their customers, agents and partners at speed while embracing lower-cost business models. We are proud to be a part of our Clients’ exciting journeys, and we wish them a productive and successful year in 2022 alongside several new Insurers who have joined our thriving Client community.”

Piscataway, NJ – September 23, 2021 – OwlSurance, a cloud business unit of ValueMomentum, announced today it has become a strategic partner for Socotra, the first cloud-native core platform for insurers. This partnership gives insurers easy access to advanced cloud technology and exceptional services to rapidly roll out digital-first products with enriched experiences. OwlSurance will support new and existing Socotra customers around the world as a cloud solutions provider.

As a Technology Concierge, OwlSurance helps insurers in building, operating, and maintaining an enterprise-wide technology core that allows them to achieve a scalable digital operating model at a low upfront cost and low ongoing maintenance expenses. These technology cores are crucial as insurers strive to build on their strengths in distribution, segment leadership, digital operations, and ecosystem partnering.

Socotra delivers a powerful combination of cloud-native architecture, open APIs, and a flexible data model to help insurers complete digital transformation 3x faster than legacy systems. With Socotra, insurers can easily launch, update, and scale digital-first products, as well as power engaging customer experiences across the entire policy lifecycle.

“We’re pleased to welcome ValueMomentum’s cloud business unit, OwlSurance, as the newest partner in our modern insurtech ecosystem,” said Ekine Akuiyibo, VP of Business Development and Deployments at Socotra. “ValueMomentum’s rich capabilities and impressive track record of outstanding client service are just a few reasons why this partnership is an attractive value proposition for our shared customers. Together, we look forward to helping insurers of all sizes leverage powerful technology to accelerate digital transformation and unlock new market opportunities.”

“Insurers have to serve more touchpoints than ever before, creating more challenges—but also many more opportunities to delight customers and partners,” said Anant Iyer, President – Markets & Outreach, OwlSurance. “These engagements must be managed holistically, keeping customer and partner relationships and digital engagement journeys in context. A digital-first operating model and a digital tech stack are a necessity for this new era. Socotra’s cloud-native insurance core platform is an integral part of the digital tech stack that insurers need to compete effectively. We are very excited by the possibilities this partnership represents for our mutual customers.”