SummerHack 2020: IoT Disruption in Insurance

Who can attend the Hackathon?

Academia and insurance organizations from all over the world! Each team must have at least 2 members to compete in this Hackathon. Individuals can register but must find teammates using the Hackworks platform. Teams must be minimum 3 people (1 mentor + 2 participants) and teams smaller than 3 will be merged. All Hackathon participants must be 18 years old or older.

Insurers and Brokers who are interested can become Mentors, providing industry expertise to a student team. In this case, our Events Team will assign an insurance organization to a student team. As a Mentor, you will be required to spare some time during the Hackathon to have touchpoint meetings with your assigned team.

How does it work?

Participants must register as individual Hackers using the registration form and create/assign your team afterwards.

You will receive the challenge at the beginning of the Hackathon.

Our facilitators will guide you through the Hackathon process and will provide valuable information, templates, and support on how to apply the Design Thinking methodology to drive the best results for your solution.

At the end of the Hackathon, each team will present their solution to the judges in a joint pitch event to a wider audience, and the winning teams will be selected and announced by our judges.

When is the Hackathon?

Start: Thursday, July 30, 2020
• Kickoff Event: 8 am to 9 am EDT
• Start of 24-Hour Hackathon: 9 am EDT

End: Friday, July 31, 2020
• Submission Deadline for Ideas/Solutions: 9 am EDT
• Final Presentations: 9.30 am to 11 am EDT

What’s in it for me?

This Hackathon is the perfect event to connect with experienced innovators, both local and international. As you show your skills and impress our judges with your team’s extraordinary results, don’t forget to network and have fun!

Additional benefits for you:
• Connect with experienced innovators (local and international)
• Gain tips and tricks from certified innovation experts featured in our virtual Masterclasses
• Show your skills and impress our judges with your team’s extraordinary results
• Build Minimum Viable Products (MVP) to show the opportunities of IoT in insurance
• Feel the achievement of conquering a 24-Hour Hackathon
• Win up to $2500 CAD as a team!
• For Mentors, win a $2,000 voucher for customized virtual Design Thinking session for your organization!

What’s the prize?

Hacker Teams:

Cash prizes will be awarded to the winning ideas!
• First Place: $2,500 CAD
• Second Place: $1,000 CAD
• Third Place: $500 CAD

Best Solution - Greater China Area
Value: $1,000 CAD
Sponsored by Besurance China Limited

Prizes will be distributed per winning team.

Mentor Organization:

First place: A $2,000 voucher for a customized virtual Design Thinking session for your organization, hosted by the Cookhouse Labs Expert Team!

Who can I contact with questions?

Please do not hesitate to reach out to Insiya Meherally, our Events Support, at insiya.meherally.ext@msg-global.com.

Is this a local event (only for Toronto)?

SummerHack 2020 is a global virtual 24-hour Hackathon designed to bring a diverse group of Hackers, designers, business specialists, and insurance organizations from all over the world together to leverage the technology of the Internet of Things (IoT) to tackle some of the major challenges of the insurance industry.

What is the expected final solution?

It is expected that the final solution of the Hackathon is a Minimum Viable Product (“MVP”) to the teams’ allocated problem area. The judges will assess this MVP during the final presentation by each team. Each team can choose their preferred presentation method including, but not limited to a concept, design, blueprint, prototype, product, application, software, hardware, etc.

I don’t have a team; can I register anyway?

Teams should ideally consist of 2+ people. Individuals can register but will have to find teammates using the Hackworks platform. Teams must be minimum 3 people (1 mentor + 2 participants) and teams smaller than 3 will be merged. The maximum number of teams in the event is 15. All Hackathon participants must be 18 years old or older.

What are the judging criteria?

All solutions will be judged according to the following criteria:

1. LEVEL OF INNOVATION
Does the concept of your solution offer something new and unique that hasn’t been pulled off before?
2. BUSINESS VALUE
How significant and relevant is the problem that the solution is trying to solve?
3. BUSINESS IMPACT
What is the impact of the solution?
4. COOLNESS
Does the solution make the end-user feel delighted, excited, empowered, or even relieved to use?
5. FEASIBILITY
How easily can the solution be implemented?

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