WE EMBRACE INNOVATION FOR YOUR TOMORROW‘S PEACE OF MIND

The Step to the Future They say, a journey of a thousand miles begins with a single step! But for us, we’ve shortened that journey to one step... The step to the future of insurance... the step of technology... the step of innovation!

About the Hackathon:

  • An event designed for elite specialists and enthusiasts in the Insurtech sector to exchange expertise and compete in presenting innovative technological solutions for the insurance sector in specific tracks.

Hackathon Objectives:

Creativity and innovation

Contributing to the automation of insurance sector services.

Employing the latest technology and artificial intelligence methods in the insurance sector

Contributing to achieving the objectives of the Financial Sector Development Program by increasing the automation level in the insurance sector.

Target Audience:

Entrepreneurs

Students

Creative thinkers

All those interested in Insurtech

Hackathon Tracks:

The hackathon aims to address challenges and develop the insurance sector by providing innovative technological solutions that facilitate the experience for beneficiaries and stakeholders, covering the following tracks:

Insurance Services Automation Track:

Opening the horizon for new innovative services or developing existing services using technology in the insurance sector system through

  • 1- Contributing to raising the automation rate of insurance services.
  • 2- Targeting integration and homogeneity between other technical solutions.

Insurtech Companies Track:

Ideas for building startups and quality companies and benefiting from digital tools in developing the insurance sector.

  • 1- Serve individuals or institutions or both.
  • 2- Provide an innovative profitable technical insurance business model.

Hackathon Journey:

Closed
Registration
22 August 2024 (10 nominees)
Announcement of nominees
23 - 24 August 2024
Development meetings with nominees
26 - 27 August 2024
Assistance and refining of final presentations
4 September 2024
Announcement and honoring of winners
30 August 2024
Final judging for qualifiers
29 August 2024
Submission of final presentations
28 August 2024
Preparation of final presentations

Judging Criteria:

Creativity and innovation

Expected impact

Feasible business model

Presentation quality

Market entry plan

Target customers

Defining the target market

Addressing challenges or improving services

Prizes for Each Track:

1st place:

50,000 SAR

2st place:

30,000 SAR

3st place:

20,000 SAR

Judging Criteria:

  • To be present in the Kingdom of Saudi Arabia.
  • Registration is open to individuals, teams and legal entities.
  • Ideas and solutions must be innovative and serve insurance technology.
  • A presentation explaining the mechanism of work or an explanatory video of the idea must be submitted.
  • The company must not be operating in the insurance sector.
Registeration closed

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