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It’s Competition Time

Calling All Insurtech and Platform Business Owners – Win the Chance to Design and Implement an Embedded Insurance Product With MIC Global

We’re looking for our next great business partner to work with to build an innovative embedded product.

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We are offering the chance to work with MIC Global to design and implement an embedded insurance product for your business, with the goal of increasing sales, driving revenue, attracting more customers, and/or increasing loyalty of existing customers.

Through our Lloyds of London Syndicate, we will enable the winning product to get to market and ensure that your embedded product runs smoothly with our in-house team of underwriting, policy management process and technology expertise.

How do I enter?

We’d like to see your business proposal. This can either be a video submission (3 minutes max) or a written proposal (500 words max). Applications to be sent via the contact form below.

Enrollment for the competition is now open and the cut off for submissions is June 30th, 2022. The winner will be announced on September 13th at a special InsTech event to be held in London.

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Who can enter?

We want to hear from businesses at all stages of development, and require that at least ONE of the following criteria be met:

  1. An existing user base of customers
  2. Access to customers through other sales channels / partners
  3. Solid traction with a clear, committed strategy for growth and scale
  4. An innovative idea that your competitors don’t offer

Your business must also be in one of the following sectors:

  • Gig Economy / Shared Economy
  • Telecoms
  • Banks
  • IoT Smart Device Manufacturers
  • Weather / Travel related
  • Food delivery services
  • Home renting / vacation rental services
  • Digital Creators
  • Micro entrepreneurs (service industries, shop owners, farmers, etc.)
  • Transactions (money flow, digital wallets, payment platforms, etc.)
  • Pet products/ services
  • Mobility (ride-sharing, good moving, logistics, etc.)

Please note: This is a global competition and we welcome entries from all parts of the world. Unfortunately we are unable to work with sanctioned entities.

How will we choose a winner?

Contestants will be graded on a scale from 1-5 in the following categories. The contestant with the highest average rating across all 5 categories will be the winner:

  • Innovativeness
  • Ability to prove it can work – (Has your business done it before with another product or service? If not, what other convincing data can you provide to show proof of concept/ success?)
  • Investment Stage (does your business have any investors yet?)
  • Potential Revenue (a solid strategy for growth and scale)
  • Track record (What successes/ wins has your business had thus far to show credibility?)
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  1. The promoter is: STP Group Holdings LLC (company no. 851751806 whose registered office is at Floor 8, 26 Broadway, New York, 10004.
  2. The competition is open to residents worldwide aged 18 years or over except employees of STP Group Holdings LLC (and subsidiaries of) and their close relatives and anyone otherwise connected with the organisation or judging of the competition. We are unable to accept applications from sanctioned countries.
  3. There is no entry fee and no purchase necessary to enter this competition.
  4. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.
  5. Route to entry for the competition and details of how to enter are via https://www.micglobal.com/competition
    Competition details can also be found via the MIC Global LinkedIn page.
  6. Only one entry will be accepted per person/company. Multiple entries from the same person/company will be disqualified.
  7. Closing date for entry will be 30 June 2022. After this date the no further entries to the competition will be permitted.
  8. No responsibility can be accepted for entries not received for whatever reason.
  9. The rules of the competition and how to enter are as follows:
    Entrants to submit business proposal via MIC Global website via https://www.micglobal.com/competition
  10. The promoter reserves the right to cancel or amend the competition and these terms and conditions without notice in the event of a catastrophe, war, civil or military disturbance, act of God or any actual or anticipated breach of any applicable law or regulation or any other event outside of the promoter’s control. Any changes to the competition will be notified to entrants as soon as possible by the promoter.
  11. The promoter is not responsible for inaccurate prize details supplied to any entrant by any third party connected with this competition.
  12. The prize is as follows:
    The prize is as stated and no cash or other alternatives will be offered. The prizes are not transferable. Prizes are subject to availability, and we reserve the right to substitute any prize with another of equivalent value without giving notice.
  13. Winner(s) will be chosen by STP Group Holdings LLC.
  14. The winner will be notified by email within 28 days of the closing date. The winner will only ever be contacted by an employee from STP Group Holdings LLC. If the winner cannot be contacted, we reserve the right to withdraw the prize from the winner and pick a replacement winner.
  15. The promoter will notify the winner when and where the prize can be collected / is delivered.
  16. The promoter’s decision in respect of all matters to do with the competition will be final and no correspondence will be entered into.
  17. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.
  18. The competition and these terms and conditions will be governed by English law and any disputes will be subject to the exclusive jurisdiction of the courts of England.
  19. The winner agrees to the use of his/her company name and image in any publicity material, as well as their entry. Any personal data relating to the winner or any other entrants will be used solely in accordance with current UK data protection legislation and will not be disclosed to a third party without the entrant’s prior consent.
  20. The winner’s name will be available 28 days after closing date by emailing the following address: competition@microinsurance.com
  21. Entry into the competition will be deemed as acceptance of these terms and conditions.
  22. This promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook, Twitter or any other Social Network. You are providing your information to STP Group Holdings LLC and not to any other party.
  23. STP Group Holdings LLC will judge the competition and decide on the winner by the closing date.
  24. STP Group Holdings LLC shall have the right, at its sole discretion and at any time, to change or modify these terms and conditions, such change shall be effective immediately upon posting to this webpage.
  25. STP Group Holdings LLC also reserves the right to cancel the competition if circumstances arise outside of its control.
We look forward to hearing from you. Good luck!

Competition entry is now closed.