

Six applicants (4 domestic and 2 overseas) are declared winners of the InsureTechs Hackathon, post multiple round of their assessments by IFSCA, which is India’s unified regulator for international financial services with a mandate to develop and promote India as a global financial hub.
The Government of India -established IFSCA (International Financial Services Centers Authority) has its flagship global FinTech event called InFinity Forum, and as part of this it launched I-Sprint’21, the global FinTech Hackathon.
With a focus on the Insurance Sector, IFSCA launched “Sprint03: InsureTech” under I-Sprint’21, which was hosted by IFSCA and Gujarat’s GIFT city in collaboration with FICCI. This Hackathon was open to all eligible FinTechs from across the globe and was one of its kind being backed by a financial sector Regulator.
These winners of the Hackathon will be allowed direct entry into the applicable IFSCA Regulatory / Innovation Sandbox. They will receive Regulatory guidance and handholding. After a successful exit from the respective Sandbox, they shall get an opportunity to set up business at GIFT IFSC.
Below are the InsurTech winners of Sprint03: InsureTech Global Hackathon –
1. InsureTech Risks
MUMBAI
Solving Problem Statement – Development of technologies for increasing penetration, better underwriting, claims management of life / health products.
2. Livwell Asia
SINGAPORE
Solving Problem Statement – Digital Innovation for Global Health Insurance Cover.
3. GOQii Technologies
Solving Problem Statement – Digital Innovation for Global Health Insurance Cover
Kown for fitness wearable devices, GOQii integrated its wearable devices with insurance packages.
4. Onsurity Technologies
Bengaluru
Solving Problem Statement – Development of technologies for increasing penetration, better underwriting, claims management of life / health products.
5. ZignSec AB
SWEDEN
Solving Problem Statement – Development of technologies for increasing penetration, better underwriting, claims management of life / health products.
6. Signzy Technologies
MUMBAI
Solving Problem Statement – Development of technologies for increasing penetration, better underwriting, claims management of life / health products. Read More about Signzy Here