Saudi Arabia Insurance Authority launches insurance technology hackathon with SAR 560,000 in prizes

The Saudi Arabia Insurance Authority has launched a hackathon to develop testable technology solutions and prototypes addressing insurance sector challenges. Participants will compete across four tracks covering customer experience and digital services, artificial intelligence and data, embedded and on-demand insurance, and major events and mass gatherings. Selected projects may progress to the authority’s incubation, acceleration or regulatory sandbox programs. Registration runs from Oct. 18 to Nov. 7, 2026, followed by selection from Nov. 7 to 10 and the hackathon in Riyadh from Nov. 12 to 14. Three winners in each track will receive SAR 80,000, SAR 40,000 and SAR 20,000 respectively, for total prizes of SAR 560,000, with winners recognized at the Ingate 2026 conference and exhibition from Nov. 16 to 18. The program targets students, developers, innovators, entrepreneurs, startups, insurance technology companies and sector experts, supported by workshops and mentoring in insurance, technology, product development, entrepreneurship and business.