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Research Hackathon

Green Insurance And Sustainable Risk Management

1 September to 30 September 2021

Launch Day on 1 September 2021

The deadline to register your participation is 27 August 2021

Glass Buildings


SCI ASEAN Green Research Hackathon


Singapore College of Insurance (SCI), in collaboration with the ASEAN Insurance Council (AIC) is organising this inaugural hackathon to generate greater awareness about green insurance and sustainable risk management; and to also bring together the best minds from the industry and beyond to be involved in the discussion and development of various innovative solutions that are necessary to address the growing need of and demand for both corporate responsibility and environmental sustainability.


ASEAN cannot avoid its exposure to a variety of disasters. Compared to the rest of Asia, the ASEAN area is the most prone region to disasters in the world.  The member states are highly vulnerable to climate change as a large proportion of the population and economic activity is concentrated along coastlines; agriculture is the economic lifeblood for most nations; there is a high dependence on natural resources and forestry; and the level of extreme poverty remains high. From 2006-2020, drought, severe floods, typhoons, super typhoons, tropical storms, earthquakes ranging from magnitudes of 6.7 to 7.6 and tsunamis have affected some 190 millions of lives across ASEAN. From 2012 to 2018, an estimated yearly damage of 15.9 billion US dollars, three times ASEAN’s collective annual GDP has occurred caused by these natural disasters. Source : “The Disaster Riskscape across South East Asia, United Nation ESCAP 2020”

As an industry, our key purpose is to advance societal and economic resilience. Therefore, in this only one of its kind hackathon, we are looking for you to generate impactful research and create innovative insurance solutions to solve these global issues!

There will be two (2) categories – Research and Technical. For the research category, teams will be able to choose one (1) out of three (3) research topics. For the technical category, teams will be able to choose one (1) out of three (3) technical challenges that the industry faces. The general direction of this Hackathon is to encourage research that generates new insights into emerging problems and technical prototypes that will work (or at least are at a Proof-of-Concept stage). The research topics and technical challenges will be announced on 1 September 2021.



the organiser

Singapore College Of Insurance

The Singapore College of Insurance (SCI) is a not-for-profit professional training and education body set up in 1974, as part of Singapore’s efforts to develop as a financial hub.


For more than 45 years, SCI has remained focused in its efforts to upgrade the technical expertise of insurance and financial services practitioners, and to provide them with professional advancement opportunities, through its series of practice-oriented programmes and internationally-accredited qualifications. Since the late 1970s, the SCI has also played the role of an industry examination body to conduct regulatory examinations for those wishing to join the financial advisory, life and general insurance industries.


ASEAN Insurance Council

AIC is an organisation under the ASEAN Secretariat which focusses primarily on the ASEAN insurance industry. Formed as a public-private partnership funded by the private sector and it works closely with the ASEAN Insurance Regulators and related Government Agencies to further the objective of regional co-operation in ASEAN. It was established during the ASEAN Meeting on 4 April 1978 in Jakarta, Indonesia . The objectives of the organisation are to promote and stimulate the development of the insurance industry within ASEAN as well as to build relationships amongst insurance companies in ASEAN. The AIC Board comprises the Presidents of the 15 Life and Non-Life Insurance Associations in ASEAN and a member of ASEAN Plus One, GIAJ from Japan, led by the Secretary-General. There are a number of Working Committees under the AIC; namely the ASEAN Insurance Education Committee (AIEC), ASEAN Council of Bureaux (COB), ASEAN Natural Disaster Research and Works Sharing (ANDREWS), ASEAN Reinsurance Working Committee (ARWC), ASEAN Actuarial Talent Development , and recently ASEAN Agricultural Insurance.



Eligible Entrants 


The Hackathon is only open to teams of up to five (5) Eligible Individuals;

Sign Ups are on a first come, first served basis and will be reviewed by the Singapore College of Insurance (SCI) based on the merit of the information submitted in the Registration form.


Each Team must be given a name as chosen by its members.


Team names must not be connected in any way with the names of companies or registered trademarks or use expressions that incite violence or are discriminatory, obscene, or represent any form of defamation. Failure to comply will result in disqualification.

This Hackathon is open only to participants aged 18 years and above.

Rules of the Hackathon

Maximum Number of Entries

Only one entry/Hackathon Submission is allowed per Participant.

Hackathon Period 

Start Date/Time:

1st September 2021 (5 pm SGT)

End Date/Time:  

30th September 2021 (5 pm SGT)


The best valid Hackathon Submissions for each research statement / technical challenge will be chosen to receive a Prize according to the votes cast by the panel of judges. The overall best valid Hackathon Submission, as determined by the judges will be the first winner followed by the second, third and fourth best Hackathon Submissions (collectively “the Winners”).

Judging Criteria; Judging Process
/ Winner

We are looking for the most insightful research / innovative InsurTech submission. At the end of the Hackathon Period, all Submissions will be judged by a panel of judges made up of representatives from, the Singapore College of Insurance (SCI) and/or its participating partners. All decisions made by the panel of judges are final.

Rules of the Hackathon, process of submission and judging criteria will be announced on Launch Day.

Overall winners will be announced at the 4th ASEAN Insurance Summit to be held on 26th October 2021.

About The Judges

Dr Madhu Acharyya

Dr Madhu Acharyya is risk modelling and management professional from the United Kingdom. His current full-time affiliation is with Glasgow Caledonian University London as a Senior Lecturer where he leads post-graduate courses on risk and finance, and he lectures in the MSc in Insurance and Sustainable Risk Management programme. He completed PhD on Enterprise Risk Management in the European Insurers from the University of Southampton, UK. In addition, he holds MSc in Mathematics and MSc in Risk Management & Insurance from Cass Business School, London. Prior to joining the academic profession, Dr Madhu worked in the insurance industry for 10 years as a Company Secretary. Professionally, Dr Madhu is a fellow of the Institute of Risk Management, London and a Chartered Risk & Insurance Manager with Chartered Insurance Institute, London.

Carlo Pugnetti.jpg

Dr. Carlo Pugnetti

Dr. Carlo Pugnetti is a Lecturer at the Institute for Risk & Insurance at the ZHAW. His research focuses on the evolution of customer behavior in insurance, with particular focus on the changes triggered by technology adoption and generational differences. Prior to joining ZHAW, Carlo served as the CEO of Allianz Global Assistance in Switzerland and in several other functions within the Allianz Group - restructuring the Claims department at Fireman’s Fund in the United States, working on strategic issues in Group Development in Munich and leading an international Line of Business from Paris. Carlo began his career as a consultant for Oliver Wyman. Carlo holds a Ph.D. in Risk Analysis and a Master’s degree in Electrical Engineering, both from Stanford University.


Dr Reto Brosi

Dr Reto Brosi, Founder and Managing Director, is the lead consultant of a consulting firm. Prior to that, he held an executive position at Swiss Re and was the Chief Executive at the Asia Capital Re Group. He worked in Hong Kong, Beijing, Zurich and Singapore. Dr Reto has 25 years experience in the risk transfer sector. Since 2019 he is a member of the Institute of Risk Management (IRM). In addition, he is member of the Singapore Institute of Directors and chairs the Risk and Audit Committee of a large educational institution in Singapore.


Mr Raymond Cheung

Mr Raymond Cheung has 20 years’ experience as actuary, risk professional, consultant and entrepreneur. He is the founder of Alpha Millennia Technology providing digital insurance and deep-tier supply chain financing services in South East Asia. Previously, he was Grab’s Regional Insurance Head spear-heading insurtech initiatives for eight ASEAN countries. Before that, he was the Chief Risk Officer for 2 insurance companies in Singapore. Raymond is also an independent director for 2 listed companies in Singapore. Raymond holds the Bachelor of Business (Actuarial Science major) with NTU. He is an Associate member of the Institute & Faculty of Actuaries, UK and the Singapore Actuarial Society.

Ms Karine Kam

Ms Karine Kam is currently the Chief Executive of the Singapore College of Insurance. She started her first career in the Developmental Division of the Monetary Authority of Singapore and holds a B.Soc. Sci (Hons) Economics Degree from the National University of Singapore, a Masters degree in Education (Human Resource Development) from the George Washington University, USA as well as an  Asia-Pacific-EMBA degree from the National University of Singapore. She is a talent veteran and has spearheaded a number of flagship talent programmes for the industry, including the highly successful Insurance Management Associate Programme which to-date has attracted close to 300 young top-tier graduate talent filling up leadership positions in the industry. She is also highly involved at the ASEAN level and leads the workgroup for the development of the ASEAN Insurance Education Master Plan and has conceptualized a number of talent programmes like the ASEAN Young Insurance Managers’ Programme, the Senior Advanced Insurance Leadership Programme as well as the ASEAN School of InsurTech, Analytics and Innovation.

Mr Radhey Shyam Neelakantan

Radhey Shyam is an accomplished senior IT executive with over twenty-eight years of professional experience in managing people, systems, and associated operations that span across boundaries and cultures. Radhey is currently the APAC Head of Transformation for Allianz Technology, based out of Singapore.

Radhey has over twenty years of experience in leading Insurance companies as the CIO, COO, and other senior technology management responsibilities.

His market exposure covers the Asia Pacific and the European regions. His specialization includes drafting technology-enabled business strategies, enterprise transformation management, and associated operations.

Radhey holds a Master of Business degree from Curtin University and a Bachelors Degree in Commerce from the Madras University. Radhey also holds an Executive Diploma in Directorship from Singapore Management University & Singapore Institute of Directors..



Cash Prizes

The Winners will receive a cash prize in the manner and as determined below:




open category (ROC)

open category (ROC)




open category (TOC)

open category (TOC)

+An Overall Winner will be selected from the 3 Winners. The Overall Winner will receive a cash prize in addition to the one given out to the Winners.



Please call (+65) 9118 4220 or (+65) 9068 0161 or email us at


Singapore College of Insurance

9 Temasek Boulevard #14-01/02/03 

Suntec Tower Two, Singapore 038989

General Enquiry: (+65) 6221 2336 (8.30am to 5.00pm) 

Fax: (+65) 6220 6684



CPE Registration No.: 199408491M 

Period of CPE Registration: From 26 September 2019 to 25 September 2023

Information presented on this marketing material is correct at the time of publishing. However, changes to the programme contents, dates, time, duration and venue can occur owing to unforeseen circumstances. Every effort will be made to inform all participants of such changes on a timely basis.