Modern Australian
Men's Weekly

.

Aon Advances Commitment to Innovation in Singapore with Launch of Climate Hub

Through this initiative, the firm will expand its Centre for Innovation and Analytics

SINGAPORE - Media OutReach - 16 May 2023 - Aon plc (NYSE: AON), a leading global professional services firm, today announced the launch of a new climate innovation hub in Singapore.

Supported by the Singapore Economic Development Board (EDB), the hub will help Aon's clients around the world navigate environmental risk and opportunities.

Greg Case, CEO of Aon and Png Cheong Boon, Chairman, Singapore Economic Development Board at the launch of Aon
Greg Case, CEO of Aon and Png Cheong Boon, Chairman, Singapore Economic Development Board at the launch of Aon's Climate Innovation Hub in Singapore

Building upon Aon's longstanding commitment to Singapore, the firm plans to invest over the next 10 years to further enhance its data, analytics, insights and solutions to better advise clients on emerging and evolving risks that are increasingly complex and interconnected. In addition, Aon plans to grow its Centre for Innovation and Analytics (ACIA) in Singapore, which houses the new hub, from nearly 180 colleagues to more than 350 colleagues over the same time period.

The Aon and Singapore Economic Development Board teams at the launch of Aon
The Aon and Singapore Economic Development Board teams at the launch of Aon's Climate Innovation Hub in Singapore

"Climate change is a reality, not a probability. In 2022, there were $313 billion in total economic losses from natural disasters globally—$299 billion of which was the result of weather and climate events," said Greg Case, CEO of Aon. "The acceleration of innovation and digitalisation will continue to influence the future of business. We look forward to working closely with the EDB to identify local talent, pursue innovation at scale and develop new solutions that help our clients make better-informed decisions around the world."

Through this commitment, Aon plans to further advance its capabilities in several areas to help meet the greatest needs that organisations of all sizes face:

  • Navigating new forms of volatility: model emerging long-tail risks, with an emphasis on climate, and build predictive models and digital solutions.
  • Rethinking access to capital: develop best-in-class global solutions based on Aon's capabilities to digest, analyse and innovate leveraging data across the global insurance value chain.
  • Building a resilient workforce: create scalable workforce solutions through advanced digital technologies and analytics.
  • Addressing underserved markets: provide access to new solutions to all types of organisations, through rapid deployment and scalable insurance solutions built on digital platforms.

"Singapore is a leading innovation centre and a global leader on climate and resiliency; therefore, it is fitting that we establish our new climate hub here," said Anne Corona, CEO of the Asia Pacific region at Aon. "Through this hub, Aon will be able to provide better analytical capabilities and solutions, which will allow clients to have greater clarity and confidence to shape decisions that protect and grow their businesses. Aon will bring together the best of the firm and the expertise in Singapore to innovate to address new and emerging risks in climate, ESG, workforce resilience, digital client solutions and other key risk and human capital challenges."

Through the ACIA, a cornerstone of Aon's global investment in digital solutions and analytics, the firm:

  • Builds advanced analytical capabilities, through the combination of leading technologies, extensive data sources and leading data science capabilities.
  • Designs and develops insightful data and analytics solutions to support Aon's colleagues and clients globally.
  • Delivers superior outcomes by accelerating innovation, such as Aon Architect, a patented solution that uses machine learning to help employers design optimal health benefit plans, and Aon's Operational Risk IQ solution, a scalable analytics platform that helps organisations assess and manage their operational risks.

"Aon's climate innovation hub will complement Singapore's growing ecosystem of sustainability solutions providers that can help businesses meet their climate commitments, support their energy transition and explore green growth opportunities. We look forward to partnering with Aon on this initiative and to bring together Aon's expertise and Singapore solutions providers to develop new and innovative solutions to tackle climate and sustainability challenges," said Png Cheong Boon, Chairman, EDB.

Aon established its presence in Singapore in 1983 and launched the ACIA in Singapore in 2012. For more information about Aon's regional headquarters in Singapore, click here.

Hashtag: #Aon

The issuer is solely responsible for the content of this announcement.

About Aon

(NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.

Follow Aon on , , and . Stay up-to-date by visiting the and sign up for News Alerts .

About the Singapore Economic Development Board

The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore's position as a global centre for business, innovation, and talent. We undertake investment promotion and industry development, and work with international businesses, both foreign and local, by providing information, connection to partners and access to government incentives for their investments. Our mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore and Singaporeans.

For more information on EDB, please visit .

Understanding Trade Insurance: Essential Protection for Businesses

Image by Drazen Zigic on Freepik In the current economic environment, trade insurance is an important element for companies trading both locally an...

Choosing the Right Timber for External Cladding

Timber cladding is one of those finishes that pulls double duty: it makes a building look warm and welcoming, and it quietly shields the frame from ...

Top Services Offered by Diesel Mechanics in Brisbane

Keeping a diesel vehicle running at its best takes more than the occasional oil change. When you invest in regular specialist care, you protect the ...

Top 5 Benefits of Hiring Professional House Removalists

Moving day should feel like the start of a new adventure, not the end of your patience. Yet once the settlement papers are signed and the champagne ...

Navigating the Digital Landscape: Managed IT Solutions and IT Services in Townsville

As technology advances at an unprecedented pace, companies must adapt to embrace the transformation ahead. With an evolving technology landscape, mana...

Types of Catering You Should Consider for Your Next Event

Choosing the right type of catering service can elevate your event from ordinary to unforgettable. Whether it’s an elegant wedding, corporate func...

Understanding the Benefits of Split System Installation for Your Home

Climate control is essential to maintaining comfort in your home, especially during the extreme temperatures that many regions face. Whether you’r...

Best Aluminium Window Sliding Designs for Natural Light and Airflow

Bringing natural light and airflow into a space is one of the most efficient ways to create a healthy and comfortable home. In Sydney and across Aus...

Maximising Operational Efficiency: Electric Winch Hire Australia and Hydraulic Power Pack Hire Solutions

Image by jcomp on Freepik From urban construction sites and remote mining operations to coastal maritime facilities, specialised equipment solutio...

Navigating the System: Your Guide to Support Finding Work with a Disability Around Melbourne

Image by freepik Finding the right job can be a challenge for anyone, but it can feel particularly daunting when you're also navigating life with a ...

Say Goodbye to Draughts and Hello to Savings: Your Guide to Perth Window Replacement

Image by prostooleh on Freepik Are your windows looking worse for wear? Are you paying a hefty power bill due to sneaky draughts and poor insulation...

How to Choose the Right Horse Trailer for Your Riding Needs

Many horse owners travel long distances for riding lessons, competitions, or to move horses between properties. Having a safe and reliable trailer i...

Sydney Turf Installer for Instant Green Lawns and Long-Term Performance

Having a green lawn at home makes everything look better. Whether it’s the front yard, backyard, or a small patch beside the driveway, people in S...

Designing Better Living Spaces: Why New Kitchens in the Blue Mountains Are in High Demand

The Blue Mountains region is seeing a steady rise in home upgrades. According to recent housing data, kitchen renovations remain one of the most req...

The Role of Packaging Manufacturers in Reducing Supply Chain Costs

In today’s fast-paced logistics and distribution landscape, businesses are under constant pressure to optimise operations and reduce expenses. One...

Customising Roller Shutters for Warehouses, Factories, and Logistics Hubs

In today’s fast-paced industrial and commercial environments, security, functionality, and efficiency are paramount. Whether you manage a busy log...

Top Fire Hazards in Commercial Buildings and How to Avoid Them

When it comes to protecting lives, assets, and business continuity, fire safety should be at the forefront of every commercial property owner’s ri...

Refillable Bottles and the Role of Reusable Caps in a Sustainable Packaging Future

As industries across the globe strive to reduce environmental impact, refillable bottles and reusable caps are emerging as champions of sustainable ...