Tag Archives: #PennApps

University of Pennsylvania PennApps XX Hackathon Recap

By Brent Carris, Research Assistant, Insurance Information Institute

Left to right: Brett Lingle, Zoë Linder-Baptie, James Ballot and Brent Carris

The Wharton Risk Center  and the Insurance Information Institute  co-sponsored the second annual Hack-for-Resilience at PennApps XX, the nation’s oldest and largest student-run college hackathon. Presentations were given by Carolyn Kousky and Brett Lingle of the Wharton Risk Center School; and the I.I.I.’s James Ballot.

From September 6 – 8, 18 student teams used software and hardware technologies to “hack”—conceive and build new apps and devices—ways to combat the risks posed by natural disasters, such as hurricanes, wildfires, and floods. The students also vied to create either a product or service that provided insurance in a customer-friendly manner, a category generally known as Insurtech.

A panel of judges from the I.I.I. and the University of Pennsylvania’s Wharton Risk Management and Decision Processes Center selected the winners.

First place in the Insurtech category was Wildfire Protect– a parametric wildfire insurance product designed to provide immediate payouts to insureds that experience property damage from wildfire.

Second place was a tie between Prophet Profit and Navig8. Prophet Profit is an app designed to help households save money by allocating funds in all sectors of the stock market. The Navig8 team created an app to assist the visually impaired communicate during a disaster.

First place in the resilience category was awarded to a hack called Phoenix. This team created an autonomous drone which detects and extinguishes fires.

You can see all other entries and winners here.

University of Pennsylvania Hackathon Recap

Brent Carris, Research Assistant at the Insurance Information Institute, files this report from the PennApps hackathon.

The Policy Incubator and the Insurance Information Institute (I.I.I) teamed up to sponsor a “hack-for-resilience” route at this year’s PennApps, the nation’s first student-run college hackathon which took place on September 7-9.

Presentations were given by: Howard Kunreuther, Carolyn Kousky, and Brett Lingle of the Risk Center at the Wharton School; and the I.I.I.’s Brent Carris. Presenters discussed innovative tech-driven, insurance and disaster-relief/preparedness solutions. Student interest exceeded expectations, with 44 teams entering the hack-for-resilience.

First place was awarded to a hack called Babble.  This team created a mesh network that can be used when Wi-Fi is down to facilitate post-disaster communications, coordinate help, triage assistance, and give better information to first responders. Second place was awarded to a hack called Eleos that would match disaster victims’ needs directly with those who have resources to help. Eleos along with many other hacks were created in response to recent events, such as the California wildfires, and inspired by students whose family and friends survived disasters. You can see all other entries and winners here.

The I.I.I. is proud to partner with universities across the country to recruit the next generation of insurance professionals. Stay tuned for next week’s post from Kansas State University’s career event.