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

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 nationwide case study competition to discover and attract young talent with a 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 in the Data Science, Machine Learning, and Big Data program and candidates with less than 5 years of work experience.

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, the 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 the Bajaj Allianz Life Hackathon will kickstart on 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.