Qatar to host MENA’s 1st InsurTech Hackathon in June

By Shilpa Annie Joseph, Official Reporter
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Qatar will host the first InsurTech Hackathon in the MENA region, InsurHack MENA, organized by Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region.

The event is organized in collaboration with Deloitte, the leading global professional services firm, Google Cloud, the global cloud provider, and QIC Digital Venture Partner (QIC DVP), the venture builder arm of QIC Group.

InsurHack MENA 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.

Salem Al-Mannai
Salem Al-Mannai
Group CEO – QIC

“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, behavioral economics, and conversational AI.”

The Hackathon is also organized in partnership with Anthemis, the world’s leading InsurTech Venture Capital, Prifina, a leading personal data platform in Silicon Valley, and Qatar Financial Centre (QFC), the go-to commercial hub between East & West.

As per the statement, “The Hackathon calls upon teams and start-ups 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.”

The judging panel is composed of industry experts, technologists, MENA experts, entrepreneurs, and executives from QIC, Deloitte, Google Cloud, Anthemis, Prifina and so on.

“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 & other key market players, and will secure a potential investment opportunity by QIC,” the company said.

Related: OQIC explores possibility of merger with Vision Insurance to expand its portfolio