Who We Are

Our Vision

To build risk resilient and sustainable world through insurance closing protection gaps

Our MISSION

To be a convening voice of insurance and leverage its tripartite partnerships to narrow the protection gaps in Asia and beyond, through research, dialogues, policy recommendations, innovation and talent development

Our Strategic Themes

1

An integrated approach to protection gaps

Continue our focus on advocating for an integrated, holistic approach to protection gaps, delving deeper into various aspects of such an approach with a practical lens. 

Goal:

Some Asian jurisdictions will have adopted an integrated, holistic approach to addressing protection gaps at a national level, leading to better long-term risk resilience and enhanced economic development.

2

Health and Retirement protection gaps

Delve deeper into the Health and Retirement protection gaps, understanding the context and landscape, before developing frameworks and/or solutions to address these two gaps.

Goal:

There will be greater insurance penetration and proactive risk prevention, supported by sustainable insurance solutions, in Asian jurisdictions.

3

Climate change and insurance

Continue supporting the insurance sector in understanding of the impacts of climate change on the sector and delve deeper into the roles that the insurance sector can play in supporting climate change transition and adaptation, especially for the vulnerable communities.

Goal:

Asian insurance sector will be climate-resilient and actively contribute to the transition to net-zero through clear tools and policies.

4

Navigating the technological landscape

Given the rapidly changing technological landscape, continue, and deepen our educational efforts in the technological space, whilst seeking to understand the context and landscape before delving deeper into solutions and frameworks.

Goal:

Asia's insurance sector will be technologically advanced and operationally resilient, equipped to manage emerging technological risks.

Our Key Pillars

GAIP's work is anchored in three key pillars that guide our initiatives and collaborations, and empower us to reach our goals.

Living Lab

Undertake analytical research into emerging and accelerating risks, identify protection gaps and incubate innovative solutions to address these gaps.

Policy Think Tank

Support and advise on policy decisions and public-private partnerships for key and emerging risks, as well as use of new technology in insurance.

Talent Development

Grow and nurture the pipeline of skilled insurance talent, professional development and support upskilling in emerging areas.

The 3 Essential Steps to Narrowing Protection Gaps

Step 1

Understand and Quantify Risk

  • Identification and understanding of existing and new and emerging risks.​
  • Availability of data and risk models to quantify risk exposures, protection needs and even insurability of risks and capacity needs.​
  • Refinements of risk models given changing nature of risks.
  • Adequate tools and resources for stakeholders to understand and quantify the risks.

What GAIP is doing

Living Lab:
  • Our Asia-focused analytical research and practical tools empower the insurance sector to address Asia's protection gaps.

Step 2

Create Enabling Environment

  • Regulations, policies and market infrastructure that enables efficient risk management.
  • Raise awareness of risks and risk management approaches and tools at various levels – individual, business and governments.
  • Enhance capabilities and talents to drive risk resilience agenda forward in both public and private sectors. 

What GAIP is doing

Talent Development:
  • We deliver high impact capacity building for public sector stakeholders in Asia.​
  • Our programs nurture a robust talent pipeline for the Asian insurance sector.

Step 3

Design & Implement Sustainable Solutions

  • Innovation in risk management solutions (adaptation, mitigation, transfer).
  • Efficient implementation of solutions, including distribution, fulfilment and resolution processes.
  • Ecosystem leveraging on new technologies to enable efficiency and innovation.

What GAIP is doing

Living Lab:
  • We facilitate incubation of innovative solutions to address Asia's protection gaps.