IIIT-B bagged the first prize at “My Personal Risk Advisor” Hackathon held by Swiss Re. The idea for which they took the first prize was “What if a mobile phone app could assess the risk of an individual and provide ideas to better manage that risk.”
At the event 16 teams of 70 technologists comprising students, developers and entrepreneurs built applications that enable individuals or small business owners to assess their total risk.
Organised along with IBM, India’s first reinsurance hackathon offered a unique garage-like experience for its participants and provided an opportunity to develop ideas into prototypes. The prototypes were judged based on innovative technology integration, dimensions of risks that were considered while developing the solution, user experience and technical complexity. A panel of esteem judges, which included members from Swiss Re and IBM evaluated the apps.
“The reinsurance sector is at the cusp of a radical transition and the convergence of new technologies will help us manage consumer expectations and to better manage risk,” said Alok Kumar, MD, Swiss Re Bangalore. “Such a platform enables exploration of emerging and disruptive technology to reduce the protection gap, besides further encouraging and nurturing entrepreneurs and start-ups in the sector,” he added.
Team IIIT-B represented by Abhijay Vuyyuru, Anubhav Bhardwaj, and Lijo Johny were adjudged as the winners for their solution. This WhatsApp-based application can click a picture of the food you eat and distribute it to a specific group. This application analyses the image of the food and highlights the calorie content and recommends healthier alternatives. The winning team was awarded a cash prize of INR 3 lakhs.
Commenting on winning the hackathon, the first prize winners said, “We are thrilled to win. Being the second most populous nation, India is prone to high health risks and diseases. Our idea was to develop a solution that enable individual to assess and foresee their risk based on the individual’s personality and dietary profiling.”