{"id":43830,"date":"2020-08-04T11:46:52","date_gmt":"2020-08-04T11:46:52","guid":{"rendered":"https:\/\/www.globallogic.com\/in\/?post_type=news&p=43830"},"modified":"2020-08-04T11:46:52","modified_gmt":"2020-08-04T11:46:52","slug":"globallogic-and-insurity-announce-winners-of-30hacks-2020-hackathon-promoting-insurtech-innovation","status":"publish","type":"news","link":"https:\/\/www.globallogic.com\/in\/about\/press-room\/press-release\/globallogic-and-insurity-announce-winners-of-30hacks-2020-hackathon-promoting-insurtech-innovation\/","title":{"rendered":"GlobalLogic and Insurity Announce Winners of \u201830Hacks 2020\u2019 Hackathon Promoting InsurTech Innovation"},"content":{"rendered":"
\n

GlobalLogic and Insurity Announce Winners of \u201830Hacks 2020\u2019 Hackathon Promoting InsurTech Innovation<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/h2>\n

First prize awarded to \u2018Team Mavericks\u2019 for developing a risk modeling technique using machine learning, predictive analysis, artificial intelligence<\/em><\/strong><\/p>\n

NEW DELHI, India\u2014<\/strong>August 4, 2020 <\/strong>\u2014 GlobalLogic, a leader in Digital Product Engineering, and Insurity, a leading provider of cloud-based core systems solutions and data analytics for the world\u2019s largest insurers, brokers, and MGAs, today announced the winners of the 14th edition of the \u201830Hacks\u2019 hackathon, a platform for talented coders to test their ideas and innovative technology-led solutions. The virtual hackathon took place from July 25 \u2013 July 26, 2020.<\/p>\n

The theme for this year\u2019s 30Hacks, \u2018Insurtech in 2020: Commercial Property & Casualty\u2019 emphasized the development of innovative and disruptive technology concepts that can help solve real-world business problems that the insurance industry faces today and will face in the future.<\/p>\n

The Top 30 teams were evaluated against the criteria of design, innovation and advancement, business implication, solution approach and architecture. Listed below, the Top 3 winners of the \u201830Hacks\u2019 hackathon received cash prizes worth USD 7,000.<\/p>\n

1st prize<\/strong>: Team Mavericks (Subodh Pandey, Tushar Jain, Rupesh Gupta, Swati Gupta) for developing an AI underwriting assistant \u2018helpbot\u2019 that can make risk approval\/rejection decisions based on underwriting guidelines without human intervention.<\/p>\n

2nd prize<\/strong>: Team Code Commando (Anurag Joshi and Rutuja Deo) for their solution to conduct sentiment analysis based on customer feedback and social media activity, helping to ensure that pain points throughout the policy lifecycle are addressed on a timely basis.<\/p>\n

3rd prize<\/strong>: Team RegTechies (Mukul Sharma, Anurag Khurana, Md Wasif, Avinash Singh) for an AI-and ML-based solution to simplify the adoption of complex regulatory changes.
\nAdditionally, the teams below were declared as the \u2018Top 3 Innovators\u2019, having received the highest scores in the \u2018Innovation\u2019 criteria.<\/p>\n

    \n
  1. Team ARTIFUTECH (Rahul Kumar and Gunjan Arora) for coding a fully-automated straight-through processing platform that uses AI, AR and ML to analyze property damage in real-time, facilitating faster claims processing.<\/li>\n
  2. \u00a0Team The Unknowns (Arti Kumari and Sumit Rai) for creating learning models to calculate driver rebates based on driver behavior.<\/li>\n
  3. Team CG_SIZZLERS (Ramkumar RN and Vinay Sheel) for devising a chatbot-assisted customer engagement solution.<\/li>\n<\/ol>\n

    \u201cOur partnership with Insurity to organize 30Hacks is a testament for providing the aspiring coders the right platform to showcase their talents and bring out solutions that will bring a revolution in the InsurTech space,\u201d said Sumit Sood, Senior Vice President and Head of APAC, GlobalLogic. \u201cWe were extremely delighted with the quality of ideas and the expertise that was brought to the table by the Top 30 teams and it was a very tough decision for our esteemed jury to come up with the unanimous decision. I would like to congratulate all our winners and wish the teams good luck in their future.\u201d<\/p>\n

    \u201cInsurance digital transformation is achieved through a collaboration of systems, data, and\u2014of course\u2014people,\u201d said Talin Bingham, Chief Technology Officer at Insurity. \u201cWe were thrilled to partner with GlobalLogic for this year\u2019s 30Hacks, providing a platform for the best and brightest minds in India\u2019s coding community to come together and deliver innovative technology concepts to address the challenges faced by the insurance industry today. We congratulate the winners and look forward to working with them to shape the future of the industry.\u201d<\/p>\n

    30Hacks 2020, which began taking registrations in June received over 5800 registrations from coders across many multinational companies with diverse backgrounds and experiences. After multiple entry screenings, the Top 30 teams were shortlisted and took part in the final 30 hours of the coding marathon from July 25-26.<\/p>\n

    Judges of the Top 30 teams included: Robert Pick, CIO, Tokio Marine North America; Karen Furtado, Partner, Strategy Meets Action; Sunil Singh, CTO, GlobalLogic; Talin Bingham, CTO, Insurity; and Ivan Latanision, EVP, Product Management, Insurity. The event concluded with a message from Nitesh Bangal, COO, GlobalLogic, and Chris Lafond, CEO, Insurity, among other senior leaders from the two companies.<\/p>\n

    GlobalLogic has been at the forefront of promoting initiatives that lead to building collective capabilities, intelligence sharing, tapping new talent, and an innovation ecosystem. Over the past 6 years, GlobalLogic has been organizing hackathons across many diverse industries to leverage tomorrow\u2019s technologies in augmenting today\u2019s business solutions.<\/p>\n

    About Insurity<\/b>
    \nInsurity is a leading provider of cloud-based core system solutions and data analytics for the world\u2019s largest insurers, brokers, and MGAs. Through its best-in-class digital platform and with unrivaled industry experience and thought leadership, Insurity is uniquely positioned to deliver exceptional value, empowering clients to focus on their core businesses, optimize their operations, and provide superior customer experiences. With users worldwide and more cloud-based deployments than any other core system provider in the insurtech space, Insurity is trusted by 15 of the top 25 property\/casualty carriers in the US. For more information, visit www.insurity.com<\/a>.<\/p>\n

    About GlobalLogic<\/b>
    \nGlobalLogic is a leader in digital product engineering. We help our clients design and build innovative products, platforms, and digital experiences for the modern world. By integrating strategic design, complex engineering, and vertical industry expertise\u2014we help our clients imagine what\u2019s possible and accelerate their transition into tomorrow\u2019s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the communications, financial services, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries.
    \nGlobalLogic is a trademark of GlobalLogic. All other brands, products or service names are or may be trademarks or service marks of their respective owners.<\/p>\n

    Useful GlobalLogic Links
    \n<\/b><\/b>LinkedIn:     https:\/\/www.linkedin.com\/company\/globallogic\/<\/a>
    \nFacebook:     https:\/\/www.facebook.com\/GlobalLogic\/<\/a>
    \nTwitter:     https:\/\/twitter.com\/GlobalLogic<\/a><\/p>\n

    Media Contact:<\/b>
    \nRuchi Mahna Chowdhury
    \nDirector – Marketing Communications
    \nGlobalLogic India<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    GlobalLogic, a leader in Digital Product Engineering, and Insurity, a leading provider of cloud-based core systems solutions and data analytics for the world\u2019s largest insurers, brokers, and MGAs, today announced the winners of the 14th edition of the \u201830Hacks\u2019 hackathon, a platform for talented coders to test their ideas and innovative technology-led solutions.<\/p>\n","protected":false},"featured_media":43860,"parent":0,"menu_order":292,"template":"","meta":{"_acf_changed":false,"footnotes":""},"news-category":[756],"embedded-category":[],"class_list":["post-43830","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-press-release"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/news\/43830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":0,"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/news\/43830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/media\/43860"}],"wp:attachment":[{"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/media?parent=43830"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/news-category?post=43830"},{"taxonomy":"embedded-category","embeddable":true,"href":"https:\/\/www.globallogic.com\/in\/wp-json\/wp\/v2\/embedded-category?post=43830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}