System and Method for Providing Configurable Automated Insurance Policy Acquisition Infrastructure for Selective Acquisition of Insurance Products Related to Competitive Wagering Games

摘要

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.