Exciting Insurathon: Startups Battle for £50,000 Prize Pool in Thrilling Annual Competition!

Exciting Insurathon: Startups Battle for £50,000 Prize Pool in Thrilling Annual Competition!

Startups are gearing up for the chance to win £50,000 in prizes at the upcoming Insurathon, an exciting competition aimed at fostering innovation within the insurance sector. This annual event, organized by the prestigious global law firm Norton Rose Fulbright, offers emerging businesses invaluable resources, including pro bono legal guidance and potential equity investment.

About the Insurathon Competition

Since its inception in 2017, the Insurathon has provided over £275,000 in pro bono legal advice and funding to assist innovators in scaling their solutions. This year’s competition features an impressive prize pool that includes:

  • £25,000 in pro bono legal and regulatory advice from Norton Rose Fulbright’s top-tier insurance practice
  • £25,000 potential equity investment

Focus Areas for Startups

The competition is specifically designed for startups and scale-ups that are advancing technologies in the insurance field. Key areas of focus include:

  • Artificial Intelligence (AI)
  • Blockchain
  • Dynamic Pricing
  • Analytics

Key Dates and Benefits

All applicants will have the opportunity to participate in a one-on-one legal clinic, while finalists will benefit from additional pro bono sessions throughout the competition. Important dates to remember are:

  • Application Deadline: Thursday, 6 February 2025
  • Finalists Announcement: Friday, 7 February 2025
  • Competition Day: 13 February 2025

Past Winners and Their Success

Noteworthy past winners such as JustParent, InsurX, and Nexus Mutual have successfully leveraged their victories to make a significant impact in the insurance industry. Gilbert Harrap, CEO of InsurX, praised the initiative, stating, “The advice and support we’ve received from Norton Rose Fulbright after winning their Insurathon competition have significantly accelerated our growth as an independent digital exchange for the corporate and specialty insurance market.”

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How to Apply

Interested startups can find detailed application instructions on the Norton Rose Fulbright website. This is a unique opportunity for innovators in the insurance space to gain essential support and funding to drive their projects forward.

Don’t miss out on this chance to make your mark in the insurance industry through the Insurathon!

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