Did you know that, according to the Automobile Association (AA), between 65% and 70% of the estimated 12 million vehicles on South Africa’s roads are uninsured and that this percentage is growing annually? What’s more, if you are involved in a crash, you only have a three in ten chance of it being with someone who is insured and therefore able to cover the damages.
To help educate South Africans about the importance of vehicle insurance, FinChatBot, which develops AI-powered chatbots for the financial industry, will be hosting a hackathon on Friday, the 22nd and Saturday, the 23rd of November 2019 in Sandton, Johannesburg.
Sponsored by Budget Insurance, Accenture, the French Embassy and French Tech, the event aims to develop a vehicle insurance chatbot that uses gamification to educate potential insurance customers and, in doing so, build trust and ultimately increase sales of policies for insurance companies. Budget Insurance will be the first insurer in South Africa to implement the winning vehicle insurance gamification chatbot solution.
Over and above this, the hackathon will give developers who have basic to advanced coding experience in any language and their own laptops the chance to compete for a R10 000 cash prize and potential job offers. Plus, it will be an opportunity for exponential learning, growth and sharing of ideas.
FinChatBot Co-Founder and CEO, Antoine Paillusseau, says: “One of the main reasons why so many South Africans don’t have vehicle insurance is due to a lack of education about insurance and how to access it. By providing a fun, educational platform that can help the uninsured better understand insurance, they could be protected in the event of an accident and have their risk reduced significantly.”