Bajaj Allianz Life and upGrad launches virtual Hackathon to scale India’s analytical capabilities

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Pune, 23 September 2022: Bajaj Allianz Life Insurance, one of India’s leading private life insurers in partnership with upGrad, Asia’s largest higher edtech company, has launched the Bajaj Allianz Life Hackathon – a nation-wide case study competition to discover and attract young talent with strong, solution-oriented approach to key business problems. The initiative will help participants to test their analytical capabilities, which in turn, can empower them with meaningful employment in the future.  

Participants will be required to solve a business problem related to data analytics as defined by Bajaj Allianz Life. The task involves developing a Machine Learning-based product recommendation model, basis the profile and history of the customer. Winning ideas will stand a chance to secure internship opportunities with Bajaj Allianz Life, along with assured cash prizes.

The online hackathon will be open to upGrad learners who are enrolled for the Data Science, Machine Learning, and Big Data program and candidates with less than 5 years of work experience. 

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Other details and FAQs related to the hackathon can be found here: https://bit.ly/3RYFuyC 

Launching the initiative, Omesh Saraf, Head – Analytics, Bajaj Allianz Life Insurance said, “Through Bajaj Allianz Life Hackathon we are providing young talented individuals the opportunity to challenge themselves and solve real-world business problems. The entries will be judged on the candidate’s analytical thinking, feasibility of solutions and the ability to improve organizational efficiencies across domains. We are delighted to join hands with upGrad and look forward to receiving interesting and innovative solutions from participants.

“Hackathons are a powerful platform to drive meaningful learning engagement amongst students and professionals. It motivates them to develop innovative solutions for positively impacting businesses for maximised growth. I strongly believe that India is a talent powerhouse, and we need such strategic triggers to build a skilled and developed economy,” said Ajay Shah, Managing Founder, upGrad Rekrut

The first leg of Bajaj Allianz Life Hackathon will kickstart from 23 September 2022, and will conclude on 9 October 2022. Shortlisted applicants will get an opportunity to present their solutions to the jury from Bajaj Allianz Life and win cash prizes up to INR. 1 lac or a stipend-led internship with the company.

About Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance is one of India’s leading and fastest growing private life insurers. The company is a partnership between two powerful and successful entities in their own right – Bajaj Finserv Limited, one of India’s most diversified non-banking financial institution and Allianz SE, one of the world’s leading asset manager and insurer.

Commencing its operations in 2001, Bajaj Allianz Life has expanded its presence across the country. It serves millions of customers through its 509 branches, 101,380+ agents (as on 30 June 2022), comprehensive set of trusted partners and its online sales channel. The Company’s brand promise of Life Goals.Done. drives it to launch innovative insurance solutions, backed by a robust set of digital assets. Bajaj Allianz Life Insurance has constantly transformed to offer tech-enabled state-of-the-art services to enhance customer delight. The Company continues to engage with customers through several unique platforms such as Life Goals Mantras, Plankathon, and much more.

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