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.

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.

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.
  

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 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.