On 26, 27 and 28 January 2018, the first innovation competition hackathon cy #insurtech on the development of applications (Minimum Viable Products – MVP) and operational innovation in the sector of insurance (#insurtech) will be held.

The hackathon cy #insurtech will be held by KPMG with the organisational and technological support of the innovation company Crowdpolicy and the participation of significant stakeholders from the sectors of economy and society within the framework of the open innovation event crowdhackathon.com

We invite young entrepreneurs, developers, analysts, designers, communication, marketing and customer service executives, business consultants, professionals, executives from the financial sector and the sector of insurance, students and anyone interested, to participate in the hackathon and actively contribute to the development of applications that promote innovative youth and social entrepreneurship and the economy through the sector of insurance.

The contestants will be in groups so that they can develop their application on a Minimum Viable Product MVP level or/and operational solutions for the sector of insurance and related services in a time frame of approximately 36 hours.

Participation is FREE, there is a limited number of slots per role; participation is on a first come-first served basis.

Prizes

The first three (3) winning teams will be awarded the following cash prizes:

1st prize: 3,000 euros

2nd prize: 2,000 euros

3d prize: 1,000 euros

More prizes and benefits will be announced shortly!

Most importantly, regardless of whether the teams and their applications are awarded or not, there will be opportunities for networking and further development with the support of the organising and the participating companies.

Executives of the insurance sector and internationally renowned executives from the insurance market and the economy will participate as mentors who will support the teams.

Participation  

Participation is FREE, there is a limited number of slots per role; participation is on a first come-first served basis. You have to register through the event platform in order to be able to enter the hackathon venue.

You can participate in the hackathon cy #insurtech having one of the following roles:

• Contestants - Team members in order to implement applications. The contestants can be developers, analysts, designers, consultants etc., and they compete in groups of 2-5 persons (desirable).
• Mentors: they guide and support the contestants.
• Volunteers: they support the event.
• Visitors: They can be company executives, public sector bodies or NGO members, but they do not take part in the competition; they watch the progress of the development of applications, the presentations and the side events.
• Data owners: they are bodies that will provide data which can be utilized and may come from either the public or the private sector.
• Journalists

What kind of applications can I develop?

Examples:

• Apps that bring customers closer to the companies and all the areas of insurance (e.g. Health, life etc.)
• loyalty and gamification in the sector of insurance
• chatbots - robo advisors for the selection of insurance contracts
• Blockchain apps - smart contracts for smart insurance contracts
• Data analysis - Risk management
• p2p insurance
• aggregators - offers and related mechanisms

The technical specifications will include plenty of ideas and references.

Information, time frame and technical specifications

• Location: KPMG offices, 14 Esperidon Str., Nicosia
• Registrations have already begun!
• The detailed specifications will have been completed by the end of December
• Registration deadline: until all the roles have been covered based on the model first come - first served

Contact

For more information about the hackathon, you can contact us through the site form or at crowdhackathon+cyinsurtech@crowdpolicy.com

Join our Facebook event to keep up to date with all of our activities and news.

Relative links 

• site (el) http://crowdhackathon.com/cyinsurtech/ 
• Facebook page https://www.facebook.com/CY-Insurtech-522619264762368/
• Facebook event (news, etc)  https://www.facebook.com/events/248342989030807/  
• Registrations https://www.eventora.com/el/Events/cyinsurtech/
• Program(EL) https://goo.gl/A7iKdu
• Technical guidelines (EL)  https://goo.gl/kS65HR   
• Evaluation toolkit (EL)  https://goo.gl/8SfCv9