Qatar is gearing up to host InsurHack MENA, the first insurtech hackathon in the MENA region that is scheduled to take place virtually on the 5th and 6th of June, giving the flexibility for participants to join from any part of the world.
The hackathon is organised by Qatar Insurance Group (QIC Group), together with Deloitte, Google Cloud, and QIC Digital Venture Partner (QIC DVP).
Other partners of the hackathon include insurtech venture capital Anthemis, personal data platform in Silicon Valley Prifina and the Qatar Financial Centre (QFC).
InsurHack MENA calls upon teams and startups across pre-seed, seed and Series A stages from the MENA, SEA regions and Europe to join the event.
Following the two-day online event, 15 participants will be shortlisted out of 50 and will proceed to a one-week mentorship phase.
Six finalists will be selected and receive an invitation to a demo day in Doha on the 23rd of June, during the InsurTech Summit in Doha.
“Topics tackled by the hackathon are rooted in today’s challenges. The turmoil and uncertainty in 2020 created an exponential need to adapt to changing customer needs in the insurance sector. Insurance innovation and its value chain digitization are starting to gain strong momentum.
Therefore, InsurHack MENA is on a mission to unlock better customer experiences in the mobility and health insurance verticals and is looking for new value propositions and solutions in big tech analytics, AI/ML, behavioural economics and conversational AI.”
said Salem Al Mannai, Group CEO of QIC Group.
Deliverables will be judged on the quality of the problem statement fit, the level of innovation, the solution feasibility in the MENA region and the team composition.
The judging panel is composed of industry experts, technologists, MENA experts, entrepreneurs and executives from QIC, Deloitte, Google Cloud, Anthemis, Prifina among other organisations.
The top 3 solutions selected by the judges will be rewarded with an opportunity to co-build a solution in the MENA region with the support of regional market leaders such as QIC, Deloitte, Google Cloud and other key market players, and will secure a potential investment opportunity by QIC.
The winner will also have the opportunity to attend the world’s leading insurtech conference in Las Vegas, Nevada, USA, with an exclusive pitch and investment opportunity to Anthemis.
Teams can register until the 2nd June 2022 for the event here.