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This year's innovation challenge will build off the success of the prior year. We will follow the same 8-week process to gather submissions and review with a panel of insurance professionals to down-select finalists. Finalists in each award category will pitch to a panel of judges, and the judges will select a winner. Finalists will present to a global audience at an Awards event in June where the winner will be announced.
The Innovation Challenge is a contest designed to draw out ground-breaking ideas from entrepreneurs, students, and experienced professionals with intent to enable forward momentum beyond the end of the contest. InsurTech Hartford ran its first event Innovation Challenge in 2020. The event received 100 submissions across 3 categories from 10 countries.
2021 Challenge Categories and Prizes
Travelers Emerging Product - $10,000
In an increasingly evolving landscape, Travelers is looking for InsurTechs championing new and emerging products within the insurance and risk services space.
Judges All-Around Favorite Award - $10,000
An open category which a panel insurance experts and InsurTech investors will choose based on problem statement, problem/solution fit, feasibility, and ability to disrupt.
Best Emerging InsurTech - $7,500
Being an early stage startup isn't easy. This category is for new, emerging startups with less than $1m in combined revenue and capital invested.
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