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Managing your risk landscape
Wed 13 Jan 2021 @ 9:36
EverUp, the soon to be launched prize-linked savings app, has partnered with PIMS-SCA for the provision of a prize indemnity policy, underwritten by certain underwriters at Lloyds.
The partnership with PIMS-SCA means that EverUp will be able to offer its customers the UK’s first digitally native, prize linked savings app. EverUp plans to rival other well-known saving vehicles such as NS&I’s Premium Bonds, with its own tax-free cash prize incentives and draws.
EverUp customers will benefit from a gamified savings experience, where they will earn virtual coins based on how much they are saving and for performing other in-app actions, such as signing up, opening an account, signing in, levelling up and inviting friends to join. The more they save, the more they will be rewarded with coins that can be used to play games, giving them the chance to win tax-free Jackpot cash prizes insured through PIMS-SCA. Customers never use their own money to play and can withdraw their funds at any time, with no fees.
By providing EverUp with a prize indemnity insurance policy, which is underwritten by certain underwriters at Lloyds, PIMS-SCA is helping EverUp to cover the exposure generated by the jackpot prizes they will offer in their weekly draws. EverUp will also utilise the PIMS-SCA DrawServer™ giving them secure, auditable, and truly random draw results, to ensure fairness for all EverUp customers.
Egidio Messito, Co-founder and COO at EverUp, said: Having worked with both PIMS-SCA and certain underwriters at Lloyds over the past 10 years to structure insurance-linked gaming and lottery products, I had no hesitation to choose them as our preferred partners to package a prize indemnity policy that would cover our jackpot. PIMS-SCA will also provide our draw services, ensuring independency and complete security. We look forward to continue working with PIMS-SCA and underwriters at Lloyds, as we evolve our prize-linked suite of personal finance products, to include more exciting games and lotteries and higher jackpots, as we reward our customers for saving more and solidifying good financial behaviours.
Matthew Butcher, Director at PIMS-SCA said: “We are very happy to be working with EverUp for their prize insurance and independent draw requirements. We believe that giving their customers a gamified experience and the chance to win life changing prizes, will ultimately help Everup to grow into a widely recognised and admired financial brand. We look forward to joining EverUp on their journey and enabling them to level up their prize offerings to new heights in the future. PIMS-SCA believes that FinTech solutions such as EverUp, will provide consumers with a more rewarding and fun experience, far removed from the traditional legacy financial services providers.”
Wed 19 Aug 2020 @ 11:21
PIMS-SCA have partnered with eSports data provider GRID to support the launch of their new online ESPORTS MILLION prediction initiative. The jackpot can be earned by Counter-Strike: Global Offensive fans predicting results during the Nine to Five event running through to September 2020.
eSports data provider GRID and online bookmaker Unikrn have partnered to launch ESPORTS MILLION, an initiative that offers the chance to win EUR1 million for predicting results in the Nine To Five tournament series of the popular, CS:GO (Counter Strike Global Offensive) game. This massive EUR1 million jackpot prize has been made possible for the first time due to a unique prize coverage contract provided by PIMS-SCA.
Matt Butcher, sales director of PIMS-SCA, said: “PIMS-SCA has always aimed to be a leader in prize coverage and promotional risk management. We were the first to provide prize insurance solutions for online lotteries, the first to insure text to win promotions and the first to insure prizes for sports prediction contests. Now with the support and trust of GRID we have another first to add to the collection. We wish GRID and Unikrn great success with the promotion, it should certainly generate some fantastic publicity and cement their position as leaders in the eSports industry.”
Mon 6 Jul 2020 @ 10:49
The video shows how operators can take advantage of a readily available solution to deliver much bigger jackpots for progressives.
PIMS-SCA’s solution shows how Operators can reseed Jackpots after a big win at levels above £5 Million for a fraction of the expected cost. In times of uncertainty it’s good to be certain of some things.
PIMS-SCA has been an established partner to the gaming industries for over 25 years. In that time they have helped deliver for some of the biggest names in the gaming, digital and lottery worlds. PIMS-SCA bring insurance expertise and secure technology together to package the right solution for clients looking to offer massive jackpot prizes.
+44 (0)20 7255 7900
+44 (0)20 7255 7900
Thu 27 Feb 2020 @ 12:51
Well if you listen to the average football pundit the vast majority of them are saying yes VAR is ruining the game. And one of their main objections appears to be the number of goals being chalked off since VAR came into operation at the beginning of the season.
I was asked this week to analyse a new game that a customer wanted to put out with a jackpot prize as part of their Euro 2020 campaign. As part of that analysis I was tasked with looking at the number of goals scored in the Premiership over the last 3 seasons. Interestingly if you believe the pundits you would have thought that the average number of goals scored per game must be well down on previous seasons – but it isn’t. At the time of writing the average goals per season were:
- 2019/2020 – 2.764
- 2018/2019 – 2.821
- 2017/2018 – 2.679
So, as you can see the average number of goals scored is very, very similar to last season and has actually increased on the 2017/2018 season. That got me thinking maybe VAR is having a hidden impact that we aren’t noticing – maybe defenders are less liable to foul an opponent as they know they will be found out and this more cautious approach allows a striker more opportunities?
Who really knows but things don’t appear to be as bad as people are making out.
I think Gary Neville was right when he said on SKY he had no problem with the Offside law and the VAR methodology – I agree you are either onside or offside – it doesn’t matter if it’s your big toe, your big nose or your forehead you are still offside and you should get over it and move on. No one complains about goal line technology ruling out a goal by 2mm so why should it be any different for offside? Now hand ball is more tricky – but as a Burnley FC supporter and following the events of the weekend I think the arm finishes at the very top of the shoulder – maybe not everyone agrees but BFC supports are loving VAR right now!
Enjoy the rest of the season in the knowledge you are still getting the same number of goals per game as you ever did.
There’s no longer any excuse to reseed progressive at a lower level after a big jackpot win. Here’s why.
Wed 8 Jan 2020 @ 13:33
PIMS-SCA today released the second in their series of short videos for the Gaming Industry. Each video addresses a different issue faced by Gaming Operators and offers a potential solution. The current series looks at the problems faced by operators in growing a progressive jackpot after a big win – and how a solution is at hand.
The second video picks up from the first, and the challenge that posed for Gaming operators, who, having paid out on a big Jackpot, appear to be forced to reseed that Jackpot at a much lower, minimal base level.
The video shows how operators can take another route, by taking advantage of a readily available solution to deliver much bigger jackpots for progressives. PIMS-SCA’s solution shows how Operators can reseed their Jackpots after a big win at levels above £5Million for a fraction of the expected cost.