InsurTech Hackathon: Customer Engagement in the Sharing Economy

What is the Sharing Economy?

Anything not being used, can be hired out via an online platform that minimizes direct contact between the supplier and the customer. Two very well-known sharing economy ventures are Airbnb and Uber--the first, connects people who are looking for a place to stay with people who have an open accommodation, and the latter, connects people who are looking for transportation with people who have available vehicles.

However, the sharing economy is not limited to accommodation and taxis, and the worldwide market is estimated to reach $110 billion within the next few years. The sharing economy is about designing experiences, rather than products. 

The trend towards sharing also impacts the insurance industry, especially short-term insurance, and insurers are reexamining how they conduct their businesses in the new sharing economy.

Being successful in the sharing economy means building a business model that’s based on trust, authenticity, and transparency. Our hackers will be using chatbots, drones, VR/AR, or AI/Machine Learning to create solutions to the challenges provided by our corporate insurance partners.

Who Are We?

Startupbootcamp InsurTech is the leading accelerator focused on disruptive and collaborative insurance innovation and connecting with startups who have unique propositions that meet the needs of the insurance market. We are located in the heart of London, and we have the support of a global community as well as some incredible corporate partners. 

Tasks

You will form a team at the start of the event. You will then work on one of the challenges provided by our corporate partners for 48 hours, and, finally, you will present in front of the judges. 

Challenges

Challenges will be provided by elite insurers. 

Watch this space. 

Prizes

Best overall concept - £5,000 

Runner-up - £1,000

Best Tech - £500 prize

Agenda