NTUC Income launches hackathon to reimagine future of insurance in blockchain

The event is supported by Plug and Play APAC and Amazon Web Services.

NTUC Income is launching its inaugural regional FutureX Hackathon, supported by Plug and Play APAC and Amazon Web Services (AWS) from 25 to 27 July.

The hackathon aims to reimagine the future of insurance through blockchain technology. It aims to seek solutions to embed blockchain in insurance innovation, including applications in new insurance business models, which Income will bring to markets overseas via its Insurance-as-a-Service (IaaS) platform, HIVE by Income.

FutureX technology, accelerator, and innovation experts provide mentorship and guidance to participants through customised masterclasses hosted by AWS and Plug and Play APAC and mentor clinics hosted by AWS to offer advice and support to students on their business proposals.

As part of the programme, the three-day hackathon will feature guest speakers including Andrew Yeo, CEO of Income, Tek Yew Chia, Partner, Vice Chairman, Oliver Wyman Singapore and Head of Insurance, Asia Pacific, Jie Lun Ong, Director of Ventures of Plug and Play APAC, as well as Keshav Baweja, Senior Solutions Architect of AWS who will host an educational session on emerging technologies.

The final round on 10 August 2022 will be judged by an esteemed panel comprising senior executives from NTUC Income, AWS, and Plug and Play APAC. Participants stand a chance to win the top prize of $5.74k (SG$8k), the second prize of $3.59k (SG$5k), or the third prize of $2.15k (SG$3k), as well as one of three Special Category prizes at $359.06 (SG$500) each. Winners will also score personalised workshops by AWS, complimentary passes to 101 Start-up workshops by Plug and Play APAC, as well as tickets to the APAC Summit in November 2022.

FutureX is open to all tertiary students from Southeast Asia.