What It Is

GAIP is an Asia-focused global centre of excellence for insurance, incorporated in Singapore in May 2021. It is a tripartite partnership between the global insurance industry, regulators and policymakers, and academia.

GAIP works to grow Asia's insurance markets by addressing data gaps, facilitating industry-regulator collaboration, and developing insurance talent across the region.

The GAIP consists of three pillars to drive significant synergies. The three pillars are as follows:

Living Lab

Provide scale and a utility approach to collectively incubate innovative insurance solutions for key risks confronting the region (i.e. longstanding problem areas which need new approaches, technology and data such as longevity, health) as well as new and emerging risks (e.g. environmental liability and climate change risk, Industry 4.0 risks). The Living Lab seeks to tackle market-wide issues that cannot be dealt with by a single company, and will set the foundation for insurers to create innovative solutions to address key risks confronting the region.

Policy Think-Tank

Conduct independent research to support policy decisions in assessing, quantifying, and mitigating emerging risks in the insurance industry.

The Policy Think-Tank will be a first-of-a-kind platform for industry to engage and coordinate with regulators to generate neutral, practical research and advice on policy pertaining to key risks and issues in Asia (e.g. infrastructure, insurtech, retirement). It will also inject an active Asian voice and agenda, which is currently missing from key global insurance think tanks and bodies.

Talent Development

Grow a pipeline of skilled insurance talent with cutting edge skills in emerging areas like big data and artificial intelligence across the entire career pathway to meet the demands of the region’s growing insurance markets.

Founding Partners

Industry Partners

• AIA
• AIG
• Allianz
• Great Eastern Life
• Manulife
• Prudential
• Scor
• Swiss Re
• Willis Towers Watson
• Aon

Supporting Partners

• China Re
• Income Insurance Ltd
• Marsh
• Meiji Yasuda
• MSIG
• Nan Shan Life Insurance
• Nippon Life Asia Pacific

Affiliate Partners

Regulators

• Australia (Australian Prudential Regulation Authority)
• Brunei (Brunei Darussalam Central Bank)
• India (Insurance Regulatory and Development Authority)
• Japan (Financial Services Agency)
• Philippines (Insurance Commission)
• Singapore (Monetary Authority of Singapore)
• Sri Lanka (Insurance Regulatory Commission of Sri Lanka)
• Chinese Taipei (Financial Supervisory Commission)
• Thailand (Office of Insurance Commission)
• Vietnam (Ministry of Finance)

• Indonesia (Indonesia Financial Services Authority)

International Bodies

• Access to Insurance Initiative
• Insurance Development Forum
• World Economic Forum

Industry Associations and Professional Bodies

• Council of Australian Life Insurers

• General Insurance Association of Singapore
• Life Insurance Association Singapore
• Philippine Insurers and Reinsurers Association
• Singapore Actuarial Society
• Singapore Reinsurers’ Association
• Singapore College of Insurance

Academic Partners

Main Academic Partner

• Nanyang Technological University (NTU)

How to Apply

Interested parties can write to MAS at our Contact Us page for more information.

Related News

Refer to the latest Speech by DPM Heng on the official launch of the GAIP. You may also refer to the Infographic (759.5 KB) for more information.