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What’s new: As extreme weather is becoming more frequent and more intense, Aon recently 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 risks and opportunities.

Building upon Aon’s longstanding commitment to Singapore, the firm plans to further invest in the country over the next 10 years to enhance the firm’s data, analytics, insights and solutions to better advise clients on emerging and evolving risks that are increasingly complex and interconnected.

•  Greg Case, CEO of Aon, said, “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. The acceleration of innovation and digitalization 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.”

To learn more, check out articles in The Business Times, Intelligent Insurer, Insurance Business and Yahoo! News.