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 2026 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 –
2026: 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 –
2025: Insurance Innovation
2024: AI in Insurance
2023: Insurance Implications within the Gig Economy
Team registration click here
Need help forming groups? Find your teammates here.
Dates/Deadlines:
| Registration deadline | : | April 17, 2026 (Friday) 23:59 HKT |
| Preliminary round submission deadline | : | April 30, 2026 (Thursday) 23:59 HKT
May 14, 2026 (Thursday) 23:59 HKT |
| Local finalist announcement | : | May 29, 2026 (Friday) |
| Local final round | : | June 23, 2026 (Tuesday) |
Local Competition Prizes (Hong Kong)
| 1st Prize | HK$18,000 + trophy + certificate + traveling and accommodation for the global final round in Singapore |
| 2nd Prize | HK$9,000 + trophy + certificate |
| 3rd Prize | HK$4,000 + trophy + certificate |
| Appreciation Awards | HK$1,000 + trophy + certificate for each team entering the local final round except the top three teams |
Global Competition Dates and Prizes (Singapore)
| Dates: | August 20-21, 2026 (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 or postgraduate students in a university in Hong Kong as of March 2026 in a full-time program. For postgraduate students, only those with less than 3 years of full-time work experience are eligible. |
| 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 April 17, 2026 (Friday). |
| Rule 5 | After registration, the team composition should not be changed, unless approved by the competition host. |
Preliminary Round Submission Requirement
| Deadline | : | April 30, 2026 (Thursday) 23:59 HKT
May 14, 2026 (Thursday) 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 that has not been submitted elsewhere previously (including but not limited to any competition, assignment or project). 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 for Preliminary Round Submission (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. |
Download the competition guidelines here.
Evaluation Criteria for Local Final Round Presentation (70 points max)
| Analysis (10 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 (20 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 (20 points) | : | The clarity, structure, and effectiveness of the slide deck and appendix. |
The Global Final Round was successfully held at the Nanyang Business School, Nanyang Technological University in Singapore. The champion team from the Hong Kong Local Final Round, named Wild Card, represented Hong Kong at the Global Final and emerged as the overall champions. The competition attracted more than 1,800 students from nine jurisdictions, including Australia, Chinese Mainland, Hong Kong SAR, Indonesia, Japan, Singapore, South Korea, Taiwan, and Vietnam.
The winning team has shared the following experience with us:
Winning the local round of the GAIP Insurance Innovation Competition gave us the opportunity to represent Hong Kong to compete at the Global Final in Singapore and ultimately take home the championship with our UniShield student micro insurance concept. On the first day, we were honoured to participate in the Asian Actuarial Conference, where we gained valuable insights from industry leaders and regional experts. The Singapore host also kindly took us to Gardens by the Bay, which made the trip even more memorable.
For the global stage, we reimagined UniShield from a Hong Kong–focused micro insurance bundle into an APAC scale lifecycle protection platform that grows with students from campus life into gig work and early career, using AI driven risk assessment and regional partnerships to make coverage accessible across borders. Presenting alongside teams from Japan, South Korea, Chinese Mainland, Taiwan, Singapore, Indonesia, Australia and Vietnam pushed us to think beyond one market, one product, one pitch. When our name was called as global champions, it felt like validation not just of our idea, but of our belief that the next generation of insurance must be student centric, data powered, and built for mobility.
Please feel free to email enquiries to saas_gaip2026@hku.hk.
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