DXC Technology is inviting insurtech community members to enter its Asia Pacific 2022 DXC Invitational.

Shortlisted applicants will pitch at a finalist ceremony in Sydney on October 20, where the winner will be announced.

The competition, now in its fourth year, started in Australia and has been expanded to a region-wide Asia Pacific initiative for the first time.

Ideal applicants are late-stage startups with a market-ready offer relevant to the insurance industry. There will be opportunity to work globally with DXC and roll out solutions, including to DXC customers.

DXC has partnered with Insurtech Australia and UTS to run the annual competition, which is designed to facilitate collaboration and access to resources and new markets.

"There are great solutions in the marketplace that are already solving key insurance problems, developed by the industry’s top talent in the start-up community. We are looking to partner and expand this success further,” DXC said.

Solutions may help prevent losses that lead to insurance claims, improve claims management operational efficiency and effectiveness, drive customer engagement, reduce risk and support lower cost compliance, or improve provisioning, distribution and broking.

“Or surprise us with something compelling we may have not thought about yet,” DXC said. "We encourage anyone who would benefit from DXC’s experience, scalability and industry reach to apply. Our aim is to quickly proceed to proof of concept and beyond to local and/or global expansion.”

A judging panel of DXC executives and insurance industry leaders will select two winners from a shortlisted set of finalists who will be invited to collaborate with DXC globally.

Past winners include Daisee, which scores phone calls to insurers on compliance and conduct using machine learning, and Sydney-based wellbeing data expert Springday, which DXC both uses internally and offers to clients.

“It’s rare to find a multibillion-dollar company that’s happy to engage with a smaller startup,” Springday CEO Dipra Ray told insuranceNEWS.com.au. “There’s a huge amount of brand value associated with being partnered with DXC.”

Applications can be made here.