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SPC2023 Roadshow on InsureTech with Lloyd’s Lab (Hybrid event)

Smart Port Challenge (SPC) is an annual innovation competition to find the best ideas and solutions from technology start-ups to address challenges, or innovation opportunities, put forth by maritime corporates in Singapore.

This will be a hybrid event, held from the PIER71TM office in Singapore. For those who sign up for the In-Person event, stay on for networking with the supporting corporate sponsors held after the event.

Register for In-Person and networking event here.

Register for Online event here.

Innovation Opportunity: How Can We Make Marine Insurance More Efficient For The Customer And Insurer – Through Risk Prevention Or Mitigation? How Should Insurance Respond To Emerging Marine Trends?

Artificial intelligence, machine learning, digital twins, renewables, autonomous vehicles, drones, robotics leverage modern technologies to improve efficiencies, safety, sustainability and performance in smart ports, ships, logistics and maritime services. The risk landscape in port ecosystems is changing and this creates opportunities and challenges for insurers.

– How can these technologies improve the efficiency of insurance for customers and insurers?

– What are the new insurance products that we need to develop for these modern technology solutions in ports?

– Can these new technology solutions also be used to improve or create new insurance products for the port ecosystem?

Note:

This Challenge is put up together with Lloyd’s Lab, the innovation hub for the Lloyd’s market. Shortlisted start-ups addressing this Challenge may be invited to participate in selected Lloyd’s Lab’s events, including but not limited to a Demo Day on 7th December 2023.

Full details on the Innovation Opportunity can be found here.

Hear from the corporate speakers and engage with them with your queries to spur your ideation towards a solution for this Innovation Opportunity.

For more about PIER71TM: www.pier71.sg

Smart Port Challenge 2023: https://pier71.sg/smart-port-challenge/

Proposal Submission by 31 July 2023, 5pm (SGT) to: https://pier71.typeform.com/to/bkwkN6ki

Shortlisted finalists are enrolled in a two-phase, 12-week programme.


Phase 1: Fit Check - Market Discovery and Validation

Kickstart your journey by diving deep into the heart of your market! In this phase, we'll help you answer the pivotal question: Is there a product-market fit for your solution? Validate your tech, test your assumptions, and find the perfect match for your innovation. A review will be conducted at the end of Phase 1. Only selected participants will advance to Phase 2.


Phase 2: Gap Busters - Navigating New Markets

Now, it's time to bridge the commercial gap. In this phase, you’ll partner with industry veterans who bring sharp business insights to the table. Together, you’ll navigate and conquer markets that may be uncharted territory for your startup.


Although the programme is designed for remote and overseas participants, in-person participation is required for the following events conducted in Singapore: