By S. Vicneswary,
Senior Communications and Outreach Advisor,
Global Asia Insurance Partnership
22 August 2022
The Global Asia Insurance Partnership (GAIP) is proud to announce a significant step forward in advancing knowledge, innovation, and cross-sector collaboration in the insurance industry. GAIP has officially signed a Research Collaboration Agreement (RCA) with the Nanyang Technological University (NTU).
This landmark RCA signifies a powerful synergy between the two entities. By uniting expertise, resources, and commitment to excellence, GAIP and NTU will enhance our respective contributions to the development of the insurance industry.
Key Highlights of the Research Collaboration Agreement:
- Shared Vision: The RCA embodies a shared vision to improve understanding of existing and future insurance and risk management markets, and nurture an environment conducive to the design, testing, evaluation, and introduction of new risk management products.
- Collaborative Research Endeavors: The partnership will facilitate collaborative research endeavors that draw upon the diverse talents and expertise of researchers. By fostering an environment of open dialogue and interdisciplinary exploration, the RCA will accelerate the pace of innovation.
- Knowledge Exchange: The RCA underscores a commitment to a robust knowledge exchange among policy makers, regulators, and industry stakeholders, where insights, findings, and discoveries will be shared through publications, conferences, and workshops.
- Talent Development: The agreement fosters skills and talent development across the region, with a particular emphasis on nurturing a talent pipeline for the insurance sector.
Conor Donaldson, Chief Executive Officer of GAIP expressed his excitement about the partnership, stating, "We are thrilled to embark on this exciting journey of collaboration with NTU. Our initial focus areas are on climate change and the transition from covid as pandemic to endemic covid, two research strengths of NTU and critical issues for the insurance sector. It is examples like this that show how we can combine expertise and resources to reshape the future of the insurance sector."
John Maroney, Chief Executive Officer -Designate, Global-Asia Insurance Partnership added, "This agreement facilitates the exchange of knowledge, expertise, and resources between GAIP and NTU. By harnessing our collective expertise and resources, we are poised to make significant contributions to the insurance industry, fostering breakthroughs that have the potential to reshape the industry."
"NTU is well-poised to be part of this collaboration. We are excited to be doing ground-breaking research that resonates deeply with the pressing challenges of our time – climate and pandemic," said Professor Christina Soh, Dean of the Nanyang Business School, Nanyang Technological University.
Both GAIP and NTU recognise the challenges and opportunities ahead if we are to help future ready the insurance sector. This partnership will set new benchmarks and ensure we play our part in supporting the sustainable and long-term development of the insurance sector.
