Insurtech competition winners announced

Global IT company DXC Technology has announced the winners of the DXC SpringBoard insurtech competition, a national event which aims to foster the growth and innovation of Australian start-ups in the insurance sector.

The competition was launched in December 2017 in collaboration with fintech accelerator Stone & Chalk, and involved late-stage start-ups that pitched their solutions to a judging panel consisting of representatives from DXC, Stone & Chalk, IAG, AIG, and Suncorp.

The winners, presented with the cash prize and a trophy at DXC's 'Thrive on Change' Insurance Industry Conference in Sydney, were the following:

• MAPCITE: Ian Haynes

MAPCITE developed a data-enriched risk pricing, assessment, and accumulations management platform that will provide brokers and underwriters with real-time map visibility into their policy accumulations, perils risk data, and claims history, across their entire book of business globally.

• Guroos: David McCahery and Michal Rames

Guroos designed a platform to create, distribute, and measure dynamic personalised interactive videos (DPIV), a new video channel that extends existing customer communication management (CCM) platforms.

Seelan Nayagam, managing director at DXC Technology Australia and New Zealand, said the “SpringBoard competition has been very well received.”

“Every competition entry demonstrated the potential innovation that can be achieved in the insurance sector — a clear message that there is room to leverage new technologies and thinking to address the macro drivers shaping the insurance industry,” Nayagam said.