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Superscript launches insurance products for esports coaches and teams

Superscript launches insurance products for esports coaches and teams | Insurance Business

Superscript launches insurance products for esports coaches and teams

Superscript is now providing professional indemnity and public liability insurance for esports coaches and teams.

In addition to the new offering, Superscript has also partnered with The International Federation of Esports Coaches (IFoEC). Thanks to the partnership, IFoEC members purchasing the new insurance product can benefit from discounted rates.

“Though we’re experiencing the hardest insurance market in a long time, Superscript is in a prime position to create new and exciting products for the esports industry - an industry which has gone from strength to strength, particularly in the last 12 months, and which deserves world-class protection,” said Superscript insurance lead of emerging technologies Ben Davis. “Owing to our deep in-house understanding and passion for this industry, we’ve been able to negotiate extremely competitive rates for coaches and teams starting out.”

According to Statista, the global esports market will generate $950 million in revenue in 2020. That value is expected to jump to $1.6 billion by 2023.

“We are the only global federation focussing on the training and professional development of esports coaches,” said IFoEC CEO Mark Hatter. “Our members from the UK and most of Europe can contact Superscript through our website, secure in the knowledge that we have negotiated exclusive preferential rates for the IFoEC.”

The IFoEC is the first global esports federation of its kind, created to support the professional development of current and new esports coaches.

Read more: RSA forms partnership with insurtech

Last week, Superscript entered into a partnership with RSA Insurance Group, allowing the insurtech to offer flexible, subscription-based commercial insurance underwritten by RSA to small independent businesses involved with consumer goods – such as crafters and artisans.