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Montoux, People Diagnostix win insurtech contest

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Actuarial science start-up Montoux and health technology firm People Diagnostix have won this year’s DXC Invitational insurtech competition.

The two winners submitted the best entries out of 30 applications received from Australia and New Zealand contestants.

“The disruptions of 2020 have forced the insurance industry to operate in a very different way than before,” DXC Technology Australia and New Zealand Industry GM Michael Neary said.

“We look forward to sharing the solutions from this year’s winners with the industry to help alleviate the pressing challenges we face.”

Montoux says it combines data science actuarial science to develop solutions for life insurers.

The annual insurtech contest has been a stepping stone for Australian insurtechs, with a number of them going on to collaborate with DXC Technology and gaining access to new markets and resources. These include Mapcite, GUROOS, Daisee, Springday, 1WordFlow and Perx Health.