Apollo Munich Health Insurance, a leading health insurance company, has always endeavored to be at the forefront of technology innovation. In alignment with its focus on leveraging cutting-edge technology to deliver world-class banking services to its clients, the company launched its first accelerator program called ‘InspireNext’ on March 12, 2019, at its corporate headquarters in Gurugram, NCR.
InspireNext was created by Apollo Munich with a view to support and collaborate with entrepreneurs who are driving innovation in the FinTech/InsurTech ecosystem and to leverage their expertise for co-creating solutions that can benefit the company’s consumer base.
The InspireNext program, in its inaugural year, intends to work on areas such as Customer Onboarding, Augmenting Customer Engagement, Claims Management, New-Age Risk Management Solutions, Operational Efficiencies, and HR Tech. This 15-week program will comprise of 5 weeks of on-site interactions and 10 weeks of off-site collaboration, where startups can work from their base locations, with a focus on co-creating a market-ready product.
The Zero-Day of the program was a culmination of more than three months’ effort led by the Apollo Munich Innovation Team, in tandem with MEDICI, a globally trusted destination for FinTech insights and advisory. It included the following stages:
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The first stage of the accelerator program encompassed pre-program activities where over 50 meetings were held with 16+ BUs and internal technology teams. This was done to identify their most pressing pain points and develop a baseline view of which FinTech/InsurTech spaces would be best able to work with each BU, for arriving at mutually beneficial solutions.
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This was followed by an application process hosted on the MEDICI platform, where over
