Investors in the Lottoland sponsored lottery jackpot insurance-linked securities (ILS) and collateralised reinsurance are set to be on the hook for some level of payout after a EUR 90 million win by a customer triggered payouts through the firms unique Fortuna PCC insurance model.

Lottoland is one of the secondary lottery providers that utilises the insurance-linked securities (ILS) market as a capacity provider to back its collateralised reinsurance protection.

Lottoland CEO Nigel Birrell commented. “This record €90 million win is a break-through moment both for our business and the industry as a whole, as it is the largest jackpot pay-out ever across the online gaming and lotto industry. We look forward to breaking more records in the future.”