Local Host (Hong Kong Station):
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Are you ready to shape the future of the insurance industry? The GAIP Insurance Innovation Competition 2025 invites students from top universities worldwide to present groundbreaking ideas in insurance innovation. Whether it's AI-driven solutions, new product development, or reimagined distribution channels, this competition is your chance to showcase your expertise and creativity on a global stage.
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| Showcase Your Ideas | - | Present innovative solutions that could revolutionise the insurance industry. |
| Global Recognition | - | Compete with students from leading universities worldwide. |
| Win Cash Prizes | - | 1st Place: US$15,000, 2nd Place: US$8,000, 3rd Place: US$3,000. |
| Finals in Singapore | - | Global finalists will present at Nanyang Technological University, Singapore. |
| Career Growth | - | Gain insights, network with industry leaders, and enhance your professional prospects. |
Competition Theme –
2025: The topic of the Competition is “Insurance Innovation.” Student participants will submit a proposal related to innovations in the insurance business (e.g., new products, AI use, distribution channels, and so on).
Past Competitions –
2024: AI in Insurance
2023: Insurance Implications within the Gig Economy
| Date | : | May 28, 2025 (Wednesday) |
| Time | : | 12:00 - 13:00
(11:30 registration and refreshment) |
| Venue | : | Lecture Theatre A, Chow Yei Ching Building (CBA), HKU
(Road map) |
| Registration | : | Click here (Deadline: May 23, 2025 (Friday) 18:00 HKT) |
Team registration click here
Dates/Deadlines:
| Registration deadline | : | June 6, 2025 (Friday) 23:59 HKT |
| Preliminary round submission deadline | : | June 20, 2025 (Friday) 23:59 HKT |
| Local finalist announcement | : | June 30, 2025 (Monday) |
| Local final round | : | July 17, 2025 (Thursday) |
Local Competition Prizes (Hong Kong)
| 1st Prize | HK$18,000 + trophy + traveling and accommodation for the global final round in Singapore |
| 2nd Prize | HK$9,000 + trophy |
| 3rd Prize | HK$4,000 + trophy |
Global Competition Dates and Prizes (Singapore)
| Dates: | August 14-15, 2025 (Thursday and Friday) |
| 1st Prize | US$15,000 |
| 2nd Prize | US$8,000 |
| 3rd Prize | US$3,000 |
| Rule 1 | Each team can either have 3 or 4 members; all members must be enrolled as undergraduate students in a university in Hong Kong as of May 2025 in a full-time program. |
| Rule 2 | Each member can only belong to one team. |
| Rule 3 | The team leader is responsible for being the contact point between the competition host and the team members. |
| Rule 4 | Each team should submit ONE registration form by 23:59 HKT on June 6, 2025 (Friday). |
| Rule 5 | After registration, the team composition should not be changed, unless approved by the competition host. |
Preliminary Round Submission Requirement
| Deadline | : | June 20, 2025 (Friday) 23:59 HKT |
| Page Limit | : | Maximum 2 pages of PowerPoint slides, summarising the analysis, strategy, and recommendations. An optional appendix not longer than 5 pages of PowerPoint slides is allowed. |
| Clarity | : | The slide deck should present the main ideas of the proposal clearly. |
| Original Work | : | The content must be the original work of the team members. Artificial Intelligence (AI) tools may be used but they must be employed in an ethical and responsible manner. Misrepresenting AI-generated work as original is prohibited. Teams must clearly disclose any use of AI in their reports or research. |
| Source Citations | : | Sources should be properly cited sources using a generally accepted citation system. |
Evaluation criteria (60 points max)
| Analysis (20 points) | : | Setting up a problem statement, analysing the issue, and understanding the depth of the proposal, including the identification of key issues, opportunities, and challenges within the insurance industry. |
| Creativity and Innovation (20 points) | : | The originality and creativity of the proposed solutions. |
| Feasibility and Implementation (10 points) | : | The practicality and potential impact of the solutions, including considerations of how they could be implemented in a real-world context. |
| Presentation and Communication (10 points) | : | The clarity, structure, and effectiveness of the slide deck and appendix. |
Shortlisted teams from the preliminary round (local finalists) will proceed to the local final round, to be held on July 17, 2025 (Thursday). The local final round involves face-to-face presentations to industry judges. Details regarding the local final round will be posted at a later stage.
Local finalists can choose to work with an industry advisor to further develop their proposals.
Working with an advisor is not compulsory, but if any team is interested in seeking a professional team advisor, the ASHK can help assign an actuary or a practitioner in the insurance industry to be advisor, subject to availability.
The winner of the local final round will advance to the global final round, which takes place at Nanyang Technological University, Singapore on August 15, 2025 (Friday). Flight and accommodation for the local winning team will be provided.
More details will be provided in due course.
Download the competition guidelines here.
Please feel free to email enquiries to saas_ashk_gaip2025@hku.hk.
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