DXC Technology used its Engage Insurance Conference to announce the winners in its DXC Invitational insurtech competition, which aims to foster growth and innovation in the insurance sector.
This year, the competition was launched in March in collaboration with CoVentured with Australian software start-up Daisee and motivation and rewards platform Perx Health named as the winners.
“The insurance industry is undergoing a state of transformation with insurers looking for new and innovative solutions to improve overall customer experience and engagement. Every entry in the DXC Invitational competition demonstrated the potential innovation that can be achieved in the insurance sector,” DXC A/NZ managing director Seelan Nayagam said.
Nayagam added the competition builds on its commitment to working with startups to leverage new technologies and thinking.
“We have enjoyed great success with last year’s competition winners, Mapcite and GUROOS, and our teams have been heavily engaged with them on various engagements locally and globally that are receiving interest from insurers,” he said.
The two winners were selected from about 31 applications, with a judging panel selecting nine finalists. Applicants could enter one of two categories - a product or solution that can be integrated with DXC’s insurance platform, or a standalone product that could address issues in the insurance sector.
Applicants could also participate in workshops involving technical tutorials and business guidance led by DXC and CoVentured.
The judging panel included DXC, CoVentured, UTS, iCare and Insurtech Australia.
“We are bringing our corporate partners and startups together to solve real business problems and commercialising opportunities for both parties,” CoVentured founder, Trent Bagnall, said.