Aviva Hackathon 2024
Our exciting, annual competition to find the next wave of innovative solutions for our customers was held in October 2024.
Working in partnership with Microsoft, LinkedIn and Xbox, teams of curious, inventive Aviva colleagues came together over three days to shape the financial services landscape of the future.
This was teamwork, passion and enthusiasm at it’s very best, in a rich learning environment, which harnessed the latest technology to make brilliant ideas become a reality for our customers.
Transcript for video Aviva Hackathon 2024
Today we're here at Microsoft's UK HQ for our Hackathon 2024, where eight teams are competing for a cash prize and an incubation budget to make their ideas come to life.
This is the biggest Hackathon at Aviva so far.
So our hackathon 24 is a three day event. We're spending two days here at Microsoft HQ with the finale over at LinkedIn.
The experience has been amazing so far. We are like in a great office. We are surrounded by great people. What we have been able to achieve being together in the same room in two days, we would have achieved it in probably a month.
It's been inspirational, kind of coming to the Microsoft Office and being great, sort of meeting new faces and that kind of networking.
We've been really actually getting to know each other really, really well. Making sure that everyone knows what they have to work on and then really getting our pitch design and conception.
What's exciting is making sure that we are innovating and constantly within Aviva. Instead of standing still.
I’m one of the back-end developers, and we try and implement it using Azure services. That doesn't mean it's easy. It's actually very hard. But you know, we're giving our best shot.
But it's fantastic to all be in a room together and to start to plan out how we would implement. But just to spend time with people who are really passionate, about what they do.
Day three we're here at LinkedIn, which is really exciting, and I'm going to be presenting, feeling a little bit nervous, but I think it’s more excited nervousness.
Today we have seen some absolutely brilliant ideas which can fundamentally change the consumer journey and improve the customer experience.
So I got the privilege to walk around the eight teams rooms yesterday at Microsoft and really get a feel for what they were building, and but there was definitely a buzz that you could feel as soon as you sort of entered the floor.
Today we’ve been doing all of our presentations, been getting to hear all of the cool stuff the other teams have been doing. Oh, it's been absolutely fabulous.
I think I'll be taking away that attitude of innovation and actually trying to get things done in a really short amount of time because as this Hackathon has shown, you can really get a lot of stuff done in just three days.
So the winner is the green team.
Winners!
I'm Inaya and I’m Luke and we're Team Green and we've just won the Hackathon 2024 award. We did an absolutely amazing job. We smashed it. And we've got it to prove it.
Our themes
- Mobility: building traction in the emerging new models of transport, ownership, and related services.
- Prevention: transforming the insurance business model from claim to prevent helping customers protect their assets.
- Wellbeing: Finding meaningful solutions at the intersection of financial, physical, and mental wellbeing.
- Wealth: Helping customers build for a more certain and sustainable financial future.
- Open finance: Participating in the new world of data and technology led commerce and embedded finance.
- New services: creating new revenue streams and new adjacent business opportunities.
- Data & AI: transforming the way we look at and use data to unlock the value of Big Data.
Venture investments
Aviva Ventures is the corporate venture capital fund for Aviva plc. We are focussed on financial and strategic returns and make direct and indirect investments that bring us new opportunities, ideas and emerging technology and customer trends that have the potential to:
- be transformative to the existing insurance business model
- accelerate our strategy
- provide insights into how Aviva will need to adapt to the changing landscape
We’re a strategic corporate venture fund. This means that along with long-term value creation, we want to develop a strategic relationship with those we invest in, and provide them with expertise, global reach and scale.
Portfolio companies
Here are some of the companies our venture capital fund, Aviva Ventures, invests in:
Partnerships & the Fintech Pledge
Core to innovation at Aviva is working with partners in the Insurtech & Fintech ecosystem. The businesses that we work with bring disruptive ideas and technologies to Aviva, they help us to think differently and move at pace.
In April 2021, Aviva signed the Fintech Pledge which supports our ongoing collaboration with fintech and Aviva’s development in this area. The benefits and opportunities that come from working with the right start ups are significant and not to be underestimated. Fintech is a key part of how we are transforming our business to serve our customers more effectively. Partnering with start ups ensures we are always learning, challenging ourselves and improving as a business.
When working with start ups we hold ourselves to the Fintech Pledge principles:
The Fintech Pledge Principles
1. Provide clear guidance to technology firms on how the onboarding process works
2. Provide clarity to tech start-up firms on their progress through the onboarding process
3. Provide a named contact, guidance and feedback
4. Encourage good practice and improvement
5. Commit to implementing this process 6 months from signing this pledge and providing bi-annual feedback in the first year
Founders Factory partnership, UK
Founders Factory is a venture studio and accelerator that has helped create and develop over 200 start-ups. Aviva has been Founders Factory’s strategic partner in fintech since 2016. In 2021, we announced a new £10 million investment and a five-year extension to our partnership, to support new start-ups in the UK.