50 chosen groups compete immediately in QIC Group’s first ‘InsurHack MENA’ Hackathon

Doha: InsurHack MENA, the primary InsurTech Hackathon within the area organised by Qatar Insurance coverage Group (QIC Group), along with Deloitte, Google Cloud and QIC Digital Enterprise Companion (QIC DVP), the enterprise builder arm of QIC Group has gathered 137 members from 33 international locations in its one-month software part that closed Friday. As many as 50 chosen groups, primarily at seed stage but in addition at collection A stage, begin competing immediately within the two-day digital hackathon.

The necessity for a hackathon to seek out insurance coverage options in massive tech analytics, AI/ML, behavioural economics and conversational AI has from time to time been confused by Salem Al Mannai, Group CEO of QIC Group.

“QIC Group and our companions with utmost zeal and a dedication to unlocking higher buyer experiences got here collectively to organise the primary InsurTech Hackathon within the area. We’re dedicated to discovering and supporting progressive insurance coverage options and worth propositions within the mobility and medical health insurance verticals. From AI Engine revolutionising healthcare to MC driver safety, nice high quality startups are a part of InsurHack,” Al Mannai stated.

“We had been happy by the massive turnout amongst candidates validating the rising curiosity in HealthTech, Mobility tech and InsurTech subjects within the area. I prolong my greatest needs to all members,” he added.

Deliverables will probably be judged on the standard of the issue assertion match, the extent of innovation, the answer feasibility within the Mena area, the co-building and funding potentials, and the workforce composition. The judging panel consists of trade consultants, technologists, Mena consultants, entrepreneurs and executives from QIC, Deloitte, Google Cloud, Anthemis, Prifina amongst different organisations.

See also  Unilever says GSK shopper arm 'sturdy strategic match' for enterprise

Following this two-day occasion, happening nearly to offer flexibility for the members who’re predominantly from Mena but in addition Europe, Southeast Asia and America, 15 members will probably be shortlisted out of fifty and can proceed to a one-week mentorship part. The ultimate six “greatest” groups chosen, will probably be invited to a demo day in Doha on June 23, throughout the InsurTech Summit in Doha.

The Prime 3 options chosen by the judges will probably be rewarded with a possibility to co-build an answer within the Mena area with the help of regional market leaders similar to QIC, Deloitte, Google Cloud and different key market gamers, and can safe a possible funding alternative by QIC. The winner will even have the chance to attend the world’s main InsurTech convention in Las Vegas, Nevada, USA, with an unique pitch and funding alternative to Anthemis, the world’s main InsurTech Enterprise Capital. 

The Hackathon can be organised in partnership with Anthemis – the world’s main InsurTech Enterprise Capital, Prifina – a number one private knowledge platform in Silicon Valley and Qatar Monetary Centre (QFC), the go-to industrial hub between East & West, and Plug and Play Center East, the main innovation platform within the Center East. 

It’s price mentioning that final April, as a part of its digital technique QIC Group, introduced the creation of Digital Enterprise Companions (QIC DVP) – a enterprise unit that’s shortly turning into the ecosystem orchestrator for InsurTech and the go-to-digital insurance coverage companion within the Mena area. With InsurHack, QIC DVP goals to reshape the digital insurance coverage panorama by constructing new digital ventures and strategically investing in excessive potential early-stage startups.

See also  World lodge cancellations rise forward of holidays attributable to Omicron - Trivago