A team from Universitas Gadjah Mada (UGM) won the National GAIP Insurance Innovation Competition in Jakarta on September 30, 2023, earning the right to represent Indonesia at the international competition in Singapore next year.
UGM Team Wins National GAIP Insurance Innovation Competition
Key Details
The UGM team claimed victory at the National GAIP Insurance Innovation Competition held in Jakarta on September 30, 2023. The competition challenged participants to develop innovative insurance solutions addressing current sector challenges.
Students from UGM’s Faculty of Economics and Business presented a project titled “GADGET,” which focuses on insuring gadgets and electronic devices. Their solution earned them the championship position among competing teams.
As the national winners, the UGM team secured the opportunity to represent Indonesia at the international GAIP competition scheduled for 2024 in Singapore.
Quotes & Reactions
The team members expressed excitement and gratitude for the support they received throughout the competition. According to the students, support from their mentors and the university contributed significantly to their success in the insurance innovation contest.
The winning team stated they are looking forward to the upcoming international competition and hope to bring home the title for Indonesia.
What’s Next
The UGM team will prepare for the international GAIP Insurance Innovation Competition taking place in Singapore in 2024. The Global Association of Insurance Professionals organizes this annual event to promote innovation in the insurance industry across participating countries.
