The non-profit Global Association of InsurTech Professionals (GAIP) has launched a chapter in India.
The launch took place in Mumbai in August 2024 and followed the soft launch of the Saudi Arabia Chapter in May 2024 which in turn was held after a soft launch of the GAIP in Dubai in April 2024, according to the association in a statement. GAIP is planning for its official launch.
GAIP aims to foster collaboration, innovation, and knowledge exchange in the InsurTech industry globally. The founder and chairman of GAIP is Dr Aftab Hasan – founder & chairman of GAIP.
The association’s ambition is to be the premier international body for InsurTech professionals, setting new standards and fostering a culture of innovation on a global scale.
The launch of GAIP coincides with a period of strong growth in the InsurTech market, which was valued at approximately $16bn to $20bn in 2023. Projections are that the market will reach $60bn to $80n by 2030.
In addition to promoting collaboration and innovation, GAIP will focus on education and research programmes aimed at enhancing the knowledge and skills of InsurTech professionals through strategic partnerships with academic institutions, industry stakeholders, and government authorities.