Aon CEO Case: ‘climate change a reality’, innovation will shape future business
Global re/insurance broker Aon has launched a new climate innovation hub in Singapore to assist global clients in tackling environmental risks and seizing opportunities.
With support from the Singapore Economic Development Board (EDB), Aon aims to expand its Centre for Innovation and Analytics (ACIA) in Singapore, doubling its team size from nearly 180 colleagues to over 350 colleagues, and plans to invest over the next 10 years to further enhance its data, analytics, insights and solutions for emerging and evolving risks that are increasingly complex and interconnected.
“Climate change is a reality, not a probability,” said Greg Case (pictured), CEO of Aon. “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.
“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.”
Anne Corona, CEO of the Asia Pacific region at Aon, added: “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. 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.”
Png Cheong Boon, chairman, EDB, commented: “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.”
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