) for example, the us - based byte academy has recently set up in singapore, and has come on board imda ’ s tech immersion and placement programme ( tipp ). byte will offer a series of intensive courses on fintech and data science to ‘ convert ’ nonict professionals to meet the software and programming needs of the industry. 18 i encourage all companies, both start - ups and incumbents, and individuals, to tap on these initiatives and invest in the skills of the future. 19 we cannot talk about expertise without talking about learning. and learning, unlearning and re - learning is what the game is about in the economy that we are creating together. 20 we need to learn more about the things we do not know, and to constantly update our knowledge in familiar areas. in every job, from the ceos to the fresh entrant from school. 21 we never know where our learning journey will take us, but it usually takes us somewhere better. take for example vernon heng, 32. after university, he worked overseas in a variety of fields, including construction, sales and marketing and supply chain. 3 / 4 bis central bankers'speeches when he decided to return home to singapore and explore new career options, his brother, a user experience ( ux ) designer, encouraged him to consider the field. he enrolled in a ux course at general assembly under imda ’ s tip programme, and found himself enjoying every step of the process. today, he is a ux designer at the decision science agency and is also developing an app to help youths discover their talents and passions by picking up new skills through their peers. as vernon puts it : “ always be open to learning something new. you never know where it might take you. ” conclusion 22 i would like to offer once again my heartfelt congratulations to tonight ’ s winners, and my best wishes to all participants of both the awards and the hackcelerator. let ’ s continue our journey together. 1 csat provides co - funding to organisations who wish to send their staff for specialised cyber security training in areas such as threat intelligence analysis and digital forensics investigation. 4 / 4 bis central bankers'speeches

liability. this is particularly relevant for asia as industrialisation and infrastructure investments in this region will propel demand for insurance solutions to mitigate construction and project cargo risks. we have established a group of interested lead and follow markets in singapore to offer coverage in these two lines. the markets comprise leading insurers, reinsurers and lloyd ’ s syndicates operating in singapore. we look forward to the industry ’ s active participation in this bold venture. conclusion 29 ladies and gentlemen, insurance is fundamentally about risk management. as the region around us continues to grow, the insurance industry can support this growth and development by creating relevant risk management solutions that can pave the way for a broader range of corporates and investors to participate in its growth. 31 the two strategies of ils and public - private partnerships that i have highlighted earlier mark the metamorphosis of singapore ’ s reinsurance industry as we transform from a mainstream traditional reinsurance hub, to a sophisticated full - fledged global capital for asian risk transfer. 32 i invite you to be a part of this metamorphosis, as we chart new paths together in this journey that singapore is embarking on. 33 thank you very much. 4 / 4 bis central bankers'speeches