Abstract: The present invention provides a scalable and modular system and method for dynamically providing, to participants in competitive wagering (or other prize-bearing) ranked outcome game events, easy to acquire pre-configurable insurance policies, that upon acquisition thereof for a particular game event, reduce the policyholder's risk of losing at least a portion of their stake paid into that game event, by automatically providing at least partial reimbursement of the stake, when a predefined coverage condition is met. In various embodiments thereof, the inventive system and method comprise one or more of: (1) automated selective policy acquisition infrastructure; and (2) an automated claim resolution infrastructure module.
Abstract: The present invention provides a modular and flexible system and method, readily usable in conjunction with various game-event-related insurance policy provision solutions, for selectively and/or automatically identifying and settling eligible claims associated with corresponding previously acquired game-event-related insurance policies, either in a manner transparent to the policyholder, or automatically, but under selective control thereof.
Abstract: The present invention provides a scalable and modular system and method for providing an automated infrastructure and components thereof, for offering, to participants in competitive wagering (or other prize-bearing) ranked outcome game events, easy to acquire pre-configurable insurance policies, that upon acquisition thereof for a particular game event, reduce the policyholder's risk of losing at least a portion of their stake paid into that game event, by automatically providing at least partial reimbursement of the stake when a predefined coverage condition is met. In various embodiments thereof, the inventive system and method comprise various automated user-driven selective policy acquisition infrastructure models. Advantageously, various embodiments of the present invention may be utilized as modules for stand-alone platforms usable with game events offered by any online competitive wagering game provider, or they may be used in whole or in part as modular solutions.