UCT Datathon: The Ultimate Hacking Challenge by UCT Cryptocurrency and AI Society
R3,000
Predict if a build will have an insurance claim or not
25 data scientists enrolled, 20 on the leaderboard
InsuranceConstructionPredictionStructured
South Africa
19 September
7.5 hours

This is a private hackathon open to UCT student participants. If you are a UCT student and would like to participate, contact Derick Kazimoto - kzmder001@myuct.ac.za.

Recently, there has been an increase in the number of building collapse in Lagos and major cities in Nigeria. Olusola Insurance Company offers a building insurance policy that protects buildings against damages that could be caused by a fire or vandalism, by a flood or storm.

You have been appointed as the Lead Data Analyst to build a predictive model to determine if a building will have an insurance claim during a certain period or not. You will have to predict the probability of having at least one claim over the insured period of the building.

The model will be based on the building characteristics. The target variable, Claim, is a:

  • 1 if the building has at least a claim over the insured period.
  • 0 if the building doesn’t have a claim over the insured period.

UCT Cryptocurrency and AI Society (linkedin.com/company/uct-cryptocurrency-and-ai-society):

The sole purpose of the society is to raise awareness and educate students on fourth industrial revolution technologies, such as artificial intelligence, cryptocurrencies and blockchain. We believe that these technologies are going to affect and shape the future of work and hence find it important for students to get involved and exposed to varsity.

Therefore, as a society we strive to help students from different technical backgrounds to get started with data science, machine learning and blockchain by running workshops, providing online resources, and hosting hackathons for students to hone their skills. Also, we invite guest speakers from the artificial intelligence and blockchain communities to give talks to society members on their latest works.