DXC Technology Calls for Latest Innovations from Insurance Startups and Scaleups across Asia Pacific through the DXC Invitational

Winning entries from the annual insurtech competitors will assist deal with key challenges in the insurance trade

SYDNEY, Oct. 4, 2022 /CNW/ – DXC Technology (NYSE: DXC), a number one Fortune 500 international expertise providers firm, as we speak introduced the launch of the DXC Invitational across Asia Pacific as a part of its international insurtech competitors, aimed toward bringing the newest improvements to the insurance trade.

The DXC Invitational, established three years in the past in Australia encourages late-stage startups and scaleups with present, market-ready merchandise or options related to the insurance trade to enter the competitors.

In explicit, DXC is eager to find options that enhance buyer expertise, enhance efficiencies and help compliance across the distribution worth chain and lifecycle of a coverage, together with prevention and claims administration.

While not a pre-requisite, DXC can also be in search of options that may combine with DXC Assure, its built-in software program answer that helps insurers allow a digital buyer expertise, and can speed up the consumption of expertise and new information sources to help the newest insurance merchandise.

“Realizing the power of outside-in innovation, DXC launched the DXC Invitational to yield joint solutions by bringing out the best in some of the industry’s top talent in the startup community. The competition has been a stepping stone for insurtechs, with a number of them going on to collaborate with DXC and gaining access to new markets and resources across the globe,” mentioned Michael Neary Regional General Manager, Insurance, Asia Pacific at DXC Technology.

In partnership with Insurtech Australia, a nationwide, not-for-profit organisation fostering collaboration with trade, companions and insurtech in Australia, that is the first time DXC will probably be extending the competitors across the Asia Pacific area, welcoming entries from Singapore, Malaysia, Thailand, Philippines, Indonesia, Vietnam, Greater China, India and Japan, along with Australia and New Zealand.

“Insurtech Australia is delighted to collaborate with DXC for another year to bring innovation to the insurance industry. I am excited that this year, the competition will be expanding across the Asia Pacific region. This initiative demonstrates that DXC is committed to supporting both the insurance industry and insurtech community, to hopefully help change the way in which customers are serviced and the landscape of insurance into the future,” mentioned Insurtech Australia CEO, Simone Dossetor.

Another distinctive facet of this 12 months’s program is our collaboration with UTS Startups, an initiative by one among Australia’s main universities to encourage and develop the abilities, data and confidence amongst college students to be entrepreneurs and help them at scale. UTS has a major portfolio of startups which have the capability to deliver innovation to the trade and will probably be encouraging its ecosystem to use for this competitors.

“DXC has a wonderful track record of helping startups grow and find their customers, and I couldn’t be more excited to be working with them on this wonderful opportunity for startups in the insurance industry said Murray Hurps, Director of Entrepreneurship, UTS.

UTS Startups can even assist DXC deliver the pitch periods to life through a digital stream across Asia Pacific for the trade to see the newest improvements in insurance. “The insurance industry is undergoing a state of transformation with insurers looking for innovative solutions to improve overall customer experience and engagement. It is important we maintain the momentum this program has created as it provides us with an opportunity to take fresh ideas to our customers. Every entry in the DXC Invitational competition demonstrates the potential innovation that can be achieved in the insurance sector,” added Neary.

Since the competitors was launched, DXC has collaborated with Australian insurtech corporations, together with 1Wordflow, Mapcite, Daisee, Guroos and Springday.

DXC Invitational candidates can enter their submissions in one among two classes:

• Category 1: The Digital Insurance Ecosystem
• Category 2: Enriching the Insurance Experience

Applicants could have the alternative to take part in workshops consisting of technical tutorials, business steerage and gross sales teaching led by DXC. This will help in preparation for the remaining presentation and demonstration of the applicant’s working answer to the judging panel.

The judging panel, composed of purchasers, trade specialists and DXC’s management group, will choose a winner from every class. Each successful group will obtain an invite to accomplice with DXC globally, achieve entry to DXC’s clients and deploy their answer across areas.

Applications for DXC Invitational have to be submitted on-line; and winners will probably be introduced on 20 October 2022.

DXC Technology (NYSE: DXC) helps international firms run their mission-critical programs and operations whereas modernising IT, optimising information architectures, and making certain safety and scalability across public, non-public and hybrid clouds. The world’s largest firms and public sector organisations belief DXC to deploy providers to drive new ranges of efficiency, competitiveness, and buyer expertise across their IT estates. Learn extra about how we ship excellence for our clients and colleagues at DXC.com..

Insurtech Australia is a nationwide, not-for-profit organisation, run for the advantage of our members and companions across all corners of Australia. We are all about supporting and rising the Australian Insurtech neighborhood together with Insurtech startups, Insurers, Hubs, Accelerators, Investors and advocating on behalf of our members and companions. Insurtech Australia aspires to make Australia one among the world’s main markets for Insurtech and insurance innovation. We do that by collaborating with insurers, startups, regulators and traders to create the absolute best regulatory setting, and by fostering an ecosystem of supportive companions and networks so Insurtech can thrive and develop in Australia.

UTS Startups is the dwelling of entrepreneurship at UTS. We encourage college students to be entrepreneurs and help them at scale. Develop the abilities, data and confidence that you must discover entrepreneurship in your profession

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Contact: Sheila Dhillon, director, Corporate Communications, DXC Technology – [email protected]

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