
Parametric Insurance Through the Life Insurance Lens
By Min Hung Cheng 13 August 2025 Parametric insurance, a relatively new insurance mechanism that pays out upon predefined events rather than actual assessed losses,
It is without question that protection gaps are growing, driven by various factors, from climate change to rapidly growing economies. At GAIP, we are focused on narrowing Asia's protection gaps, which we believe is critical to Asia's economic resilience and growth. Our studies into this topic led us to the conclusion that the risks and solutions to addressing protection gaps are interlinked, and hence, a multi-sectoral, holistic, integrated approach is necessary to address the gaps effectively.
This paper, the third in our Protection Gaps series, offers a framework for this integrated approach. It argues that piecemeal approaches are insufficient and that integrated, holistic policies—aligned with economic goals and Sustainable Development Goals (SDGs)—are essential. The paper highlights how coordination across sectors, from finance to health to infrastructure, can yield powerful synergies. It also urges policymakers to shift from reactive cost-benefit assessments to proactive prioritisation based on interrelated risks and solutions. A companion paper (coming soon) will provide detailed operational guidance for implementation of this framework.
By Min Hung Cheng 13 August 2025 Parametric insurance, a relatively new insurance mechanism that pays out upon predefined events rather than actual assessed losses,
By Min Hung Cheng 10 July 2025 In 2024, the Global Asia Insurance Partnership (GAIP) convened its inaugural GAIP Summit, with the support of the
Video 1: Motivation for Action at the National Strategic Level https://youtu.be/Y8EbDEXN9l0 Video 2: The Need for an Integrated Approach https://youtu.be/TUnGDfV-g8M Video 3: An Overview of
The Global Asia Insurance Partnership (GAIP) is pleased to announce the appointment of Min Hung Cheng as its new Chief Executive Officer, effective 6 May
By Min Hung Cheng 5 May 2025 The March 28, 2025, earthquake that struck central Myanmar was one of the most devastating in the country's