Entries sought for DXC Invitational
DXC Technology is inviting insurtech community members to enter its Asia Pacific 2023 DXC Invitational.
Applications must be submitted online by Friday and winners will be announced on November 28.
Submissions can be in the Digital Insurance Ecosystem category, or Enriching the Insurance Experience category. Two winning teams will receive an invitation to partner with DXC globally, gain access to DXC’s customers and deploy their solution across regions.
DXC says ideal applicants would be late-stage startups or scaleups with an existing market-ready product/solution relevant to the insurance industry with a demonstrable proof of concept.
Products/solutions don’t have to be insurance-specific, but applicability is key.
The competition, now in its fifth year, started in Australia and has been expanded to be a region-wide Asia Pacific initiative for the first time.
Ideal applicants are late-stage startups with a market-ready offer relevant to the insurance industry. There will be opportunity to work globally with DXC and roll out solutions, including to DXC customers.
DXC has partnered with Insurtech Australia and UTS to run the annual competition, which is designed to facilitate collaboration and access to resources and new markets.
"We are collaborating to offer solutions aimed at solving some of the biggest challenges facing the industry,” DXC Technology Regional GM Insurance Asia Pacific Michael Neary said.
“The insurance industry has challenges, and we know insurtechs are ready to help the industry tackle those challenges. DXC is keen to discover solutions that improve customer experience, increase efficiencies and support compliance across the distribution value chain and lifecycle of a policy, including prevention and claims management.”
Insurtech Australia CEO Simone Dossetor says collaborating with DXC brings innovation to the insurance industry.
“Past winners have seen significant benefit working with DXC to expand their customer base and market geographic scope. This initiative demonstrates DXC is committed to supporting both the insurance industry and insurtech community, to help change the way in which customers are serviced and the landscape of insurance into the future,” she said.
For the first time, DXC is extending the competition across the Asia Pacific, Middle East and Africa region.
Applicants will have the opportunity to participate in coaching workshops led by DXC ahead of a final presentation and demonstration of the applicant’s working solution to the judging panel, composed of insurance industry experts and DXC’s leadership team, which will select a winner from each category.
Solutions may help prevent losses that lead to insurance claims, improve claims management, drive customer engagement, reduce risk and support lower cost compliance, or improve provisioning, distribution and broking.
A judging panel of DXC executives and insurance industry leaders will select two winners from a shortlisted set of finalists who will be invited to collaborate with DXC globally.
Past winners include BodyGuide, an app that creates personalised and practical programs to help solve and prevent pain, E5 Workflow, Daisee, which scores phone calls to insurers on compliance and conduct using machine learning, People Diagnostix, and Sydney-based wellbeing data expert Springday, which DXC both uses internally and offers to clients.
Applications can be made here.