Experts in Prize Indemnity Insurance
Fortanach are experts in Prize Indemnity Insurance for the lottery and gaming industry. We will ensure your business is covered regardless of the type of prizes you offer.
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Our Services
Fortanach provides a range of insurance services to lottery and gaming providers.
Secondary Lottery Insurance
Secondary lotteries link the prize awards they offer to the underlying official lottery. Even the biggest secondary lottery providers do not generate enough revenue to payout the occasional large jackpot. For a premium, the operator can offload the liability to pay winnings above a chosen threshold to the insurers. This makes the operator’s cashflow less volatile, more planable and is the security net to protect the operator from insolvency.
Instant Win Insurance
Conceptually, instant win games are simply lottery draws which are organized for each individual player. The issue for the operator is apparent: the volatility of winnings can be substantial as it is possible that there are multiple winners with large prize awards within a short time. Consequently, they limit their liability by offering relatively small top tier winnings. Insurance cover allows operators to offer higher prize awards which in turn boosts sales while keeping the financial volatility low.
Primary Lottery Insurance
In going concern mode, primary lotteries with significant volume do not require insurance; they generate enough cash to allocate a fraction of their sales to a pool from which they pay the large winnings. What if they are starting a new game and the prize pool is empty? Or they want to push sales with innovative features? Insurance products can support advanced financial management to smooth the P&L.
Sports Bonus Program Insurance
Sport is exciting but also competitive, big business. Clubs, event organizers and sponsors offer outstanding individuals or teams performance-based financial incentives. To get access to outstanding individuals our clients take significant financial risks. These have to be carefully managed in order not to seriously reduce the client’s financial flexibility.
Fortanach has a range of solutions to reduce your risk and increase financial stability.
Why Choose Fortanach?
Experience
An experienced team of professionals with over 40 years insurance, capital markets, gaming & lottery experience.
Innovation
A bespoke approach to product innovation which allows you to maximise revenue whilst reducing your exposure.
Reputation
We structure fully insured solutions with reputable, verifiable insurance capacity providers that will pay genuine claims and provide reinstatement policies.
Access
Because Fortanach provide underwriting & structuring experience, we are able to bring insurance capacity that is not currently accessible directly to operators. This results in better premiums and flexible cover.
About Fortanach
Fortanach was created by a group of prize indemnity and insurance experts to provide sustainable, scalable insurance solutions for lottery and gaming operators.
Your business is about chance. Your insurance shouldn’t be.
Choose certainty. Choose Fortanach.
Contact us