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At the Opening Ceremony of the SIRC 2020 Re-Mind Virtual Conference and Networking event on Monday, 2 November 2020, the distinguished Guest-of-Honour, Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Mr Heng Swee Keat delivered the Official Keynote Address and announced the launch of the Global-Asia InsurancPartnership  (GAIP), a new global  centre of excellence in risk management in Singapore that is a tripartite partnership amongst regulators, academia and industry. Singapore’s Nanyang Technological University will be the research institution partner under the GAIP, to work on studies about the future development and needs of the insurance sector.