GAIP adds Lloyd's Asia as supporting partner

The Global Asia Insurance Partnership has named Lloyd's Asia as a Supporting Partner to help address protection gaps and strengthen resilience across Asia. The move expands GAIP’s public-private-academia platform with specialist insurance and reinsurance expertise from Singapore.

Why it matters: - GAIP is trying to close protection gaps across Asia, where risk is shaped by more than insurance availability. - The partnership adds market expertise that can help translate research and policy dialogue into practical solutions for complex risks. - The collaboration could improve how protection reaches people and businesses facing emerging, difficult-to-insure threats.

What happened: - The Global Asia Insurance Partnership announced that Lloyd's Asia has joined as a Supporting Partner. - GAIP is an Asia-focused, neutral tripartite platform based in Singapore. - Lloyd's Asia is based in Singapore and serves as Lloyd’s market’s largest underwriting centre outside London. - The announcement was made on October 12, 2026.

The details: - GAIP brings together the insurance industry, regulators and policymakers, and academia. - The platform focuses on integrated approaches to protection gaps, health and retirement protection gaps, and climate change and insurance. - Lloyd's Asia connects regional markets with specialist underwriting expertise, risk insight and global market capacity. - Lloyd's Asia also supports innovation, risk insight, industry engagement and talent development across the region. - As a Supporting Partner, Lloyd's Asia will join relevant GAIP working groups, dialogues, workshops and other collaborative initiatives. - Lloyd's Asia will also engage with GAIP’s research, frameworks and tools. - The partnership is designed to support two-way exchange between Lloyd's Asia’s market experience and GAIP’s regulatory, public policy, academic and industry perspectives. - GAIP said the partnership aims to advance practical, evidence-based approaches to complex risks and protection gaps across the region. - Min Hung Cheng, GAIP chief executive officer, said strengthening resilience across Asia requires perspectives from across the insurance ecosystem. - Emma Loynes, chief executive officer of Lloyd's Asia Pacific, Middle East and Africa, said Asia’s risk landscape is evolving rapidly and solutions must reflect the region’s diverse markets and needs.

Between the lines: - The partnership signals that protection gaps are being treated as a systems problem, not just an underwriting problem. - GAIP’s model relies on combining commercial market capability with public policy and academic input. - Lloyd's Asia brings global market capacity, but the announcement also emphasizes local relevance and regional market development. - The focus on evidence-based work suggests both organizations want to shape policy and market behavior, not just insurance products.

What's next: - Lloyd's Asia will participate in GAIP’s working groups, workshops and dialogues. - Both organizations plan deeper cross-sector knowledge exchange across Asia. - GAIP and Lloyd's Asia will use the partnership to support responses to risks affecting people, communities and economies in the region. - For more information, visit GAIP’s website.