Heirs Insurance Group Unveils N9 Million Hackathon for Nigerian Students
Heirs Insurance Group has officially launched its inaugural insurance-focused hackathon, inviting students from tertiary institutions across Nigeria to compete for a substantial prize pool of N9 million. This innovative programme represents a significant investment in youth talent and technological advancement within the insurance sector.
Fostering Innovation Through Technology
The hackathon specifically targets the development of creative solutions across various aspects of insurance services, leveraging cutting-edge technologies such as artificial intelligence and digital tools. According to the company's official statement, this technology-focused initiative aims to equip young Nigerians with practical skills that will drive the future evolution of insurance in Africa.
Participants from universities, polytechnics, and other tertiary institutions are expected to develop solutions addressing real-world challenges throughout the insurance value chain, including:
- Customer experience enhancement
- Claims processing optimization
- Underwriting improvements
- Distribution channel innovation
- Data management solutions
- Operational efficiency advancements
Empowering Young African Innovators
Peace Philips, Chief Digital Officer of Heirs Insurance Group, emphasized that the programme was specifically designed to provide young Africans with opportunities to apply their creativity and technological skills to practical economic problems. "This hackathon allows students to engage directly with the insurance industry, develop meaningful solutions, and contribute to building a more efficient and inclusive financial system," Philips stated.
The registration period for this groundbreaking initiative will close on February 16, 2026, with all entries to be submitted through the company's official website. The competition will culminate in a Hackathon Grand Finale scheduled for April 2026, where the top three teams will be announced and awarded the combined N9 million prize.
Strategic Partnership and Technical Support
The hackathon is being organized in collaboration with Redtech, the digital payment solutions subsidiary of Heirs Holdings. Redtech will provide essential technical support throughout the competition and assist in evaluating submissions based on several critical criteria:
- Creativity and innovation
- Technical feasibility
- Scalability potential
- Real-world impact assessment
This partnership ensures that participants receive proper guidance and that winning solutions demonstrate both technical excellence and practical applicability within the insurance industry.
Commitment to Youth Development
Heirs Insurance Group has positioned this initiative as part of its broader commitment to youth empowerment, digital skills development, and inclusive innovation. Beyond the substantial monetary prizes, participants will benefit from:
- Industry mentorship opportunities
- Direct exposure to insurance professionals
- Hands-on experience with real business challenges
- Networking with technology and finance experts
Heirs Insurance Group operates as the insurance subsidiary of Heirs Holdings, a pan-African investment company with operations spanning 24 countries across four continents. This hackathon represents their continued dedication to fostering innovation and supporting the next generation of African technological leaders.
