A clear trend that is on the rise heading into 2016 is insurance companies opening innovation labs — like Progressive’s Business Innovation Garage and John Hancock’s Lab of Forward Thinking — and holding hackathons.

The momentum behind innovation in insurance has perhaps never been greater than it is right now, as the calendar flips from 2015 to 2016. Insurers are driven to prove that they are at the forefront of working with the hottest technologies in the world.