HONG KONG, May 28, 2025 /PRNewswire/ -- The School of Computing and Data Science (CDS), The University of Hong Kong (HKU) hosted the opening ceremony of the Global Asia Insurance Partnership (GAIP) Insurance Innovation Competition 2025 on 28 May. The event marked the official commencement of this competition, which aims to foster innovation and strategic thinking within the insurance industry.

Organised by CDS with the support of the Actuarial Society of Hong Kong (ASHK) and solely sponsored by Prudential Hong Kong, this year the topic of the GAIP Insurance Innovation Competition 2025 (Hong Kong Station) is 'Insurance Innovation', which provides a platform for students to showcase their analytical, research, and presentation skills by proposing real-world innovations in the insurance sector.

The ceremony was officiated by esteemed guests, including Professor Yi Ma, Director of CDS; Ms Candy Au Yeung, Chief Customer Operations and Health Officer of Prudential Hong Kong; Mr Steve Hui, President of The Actuarial Society of Hong Kong (ASHK); Ms Jasmine Kwong, Communications and Committee Manager of Hong Kong Federation of Insurers and Dr Bowen Wong, Honourary Secretary of Life Underwriters Association of Hong Kong.

Professor Yi MA, articulated that the competition provides a unique opportunity for students to try out their ideas, expand their networks, and engage with industry leaders. He stated, "We are proud to host the GAIP Insurance Innovation Competition at HKU for the first time, and it is also the very first student competition hosted by our School since our official establishment last year, marking an exciting milestone for us."

The GAIP Insurance Innovation Competition is an annual event organised by the Nanyang Technological University (NTU) and Global-Asia Insurance Partnership (GAIP) Organising Committee. The competition features two rounds: a local round hosted by partner university and a global final round held in Nanyang Technological University in Singapore. HKU is the 2025 local host and will bring in talents from different universities. The winning team will represent Hong Kong SAR and compete with other representatives of prestigious universities from countries including Australia, Indonesia, Japan, and Switzerland.

NTU expressed that "with HKU's participation, the competition has become a truly global platform that connects emerging talents like students in Hong Kong to tackle real-world challenges under risk resilience and insurance. It is inspiring to see the creativity and passion from the participants here today in Hong Kong."

The competition offers students the opportunity to showcase innovative solutions that could revolutionise the insurance industry. Entries will be evaluated based on the team's analysis, creativity and innovation, feasibility and implementation, as well as presentation and communication.

Candy Au Yeung, Chief Customer Operations and Health Officer of Prudential Hong Kong said, "Prudential believes innovation is key to building a customer-centric, digitally empowered insurance experience. Sponsoring the GAIP Insurance Innovation Competition reflects our commitment to nurturing young talent and supporting bold ideas that can shape the future of health and protection. We are proud to support a platform that fosters creativity and collaboration."

Additionally, participants stand to win cash prizes range from USD3,000 to USD15,000. Beyond prizes, participants will gain valuable insights, network with industry leaders, and enhance their professional prospects. Registration is now open until 6 June 2025.

About School of Computing and Data ScienceOfficially established on 1 July 2024, the School of Computing and Data Science is set to reform traditional educational frameworks to meet the needs of an ever-changing industry. Offering a variety of undergraduate and postgraduate programmes, the School is poised to play a pivotal role in shaping the future of technology and data science education.

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