The Insurance Authority has launched the Insurance Hackathon, one of the programs of its recently announced Innovation Ecosystem. The ecosystem also includes the Business Incubator, the Accelerator, the Regulatory Sandbox and the Perks Platform.
The Insurance Hackathon is a short, competitive event dedicated to insurance innovation and InsurTech projects. Participating teams turn real insurance sector challenges into technology solutions and prototypes that are ready for testing and implementation. The top projects will be referred to the Authority's incubation and acceleration programs and to the Regulatory Sandbox.
The Authority said the launch of the Insurance Hackathon is part of its efforts to develop the sector and build a strong, sustainable insurance market. It does this by developing solutions based on data, innovation and artificial intelligence, in support of the National Insurance Sector Strategy and in line with Saudi Vision 2030.
Teams can register in one of four strategic tracks, designed around the Insurance Authority's priorities:
1. Customer Experience and Digital Services
2. Artificial Intelligence and Data
3. Embedded and On-Demand Insurance
4. Mega Events and Mass Gatherings
The Authority is organizing the hackathon in four phases:
1. Registration:18 October to 7 November 2026
2. Screening and acceptance: 7 to 10 November 2026
3. The hackathon: 12 to 14 November 2026 at The Garage in Riyadh, where projects are evaluated and the winning teams are selected
4. Awards ceremony: the winners will be honored at the Global Insurance Conference and Exhibition, ingate 2026, from 16 to 18 November
The Authority has allocated total cash prizes of SAR 560,000, awarded to three winners in each track: SAR 80,000 for first place, SAR 40,000 for second place and SAR 20,000 for third place. Winners also receive seats in the Innovation Ecosystem's incubation and acceleration programs. All applicants will have access to the Perks and Services Platform, which offers more than 172 perks and digital tools with an estimated value of over USD 2 million, subject to each provider's eligibility terms.
The Insurance Hackathon is open to university students, developers and technologists, innovators, entrepreneurs, startups, InsurTech companies and industry experts. Participants are supported by a program that includes introductory webinars, specialized workshops and a mentorship network covering five areas: insurance, technology, product, entrepreneurship and business.
Registration is open until 7 November 2026 through the Authority's Innovation Ecosystem platform: hackathon-1