Marsh & McLennan Companies and the Singapore Economic Development Board (EDB) today announced the launch of the Asia Pacific Risk Center (APRC) in Singapore. The center is MMC’s inaugural risk research institute in Asia Pacific, providing insight and analysis to government leaders and corporate executives.
Drawing on expertise from MMC’s four operating companies, Marsh, Guy Carpenter, Mercer, and Oliver Wyman, the APRC will further strengthen Singapore’s position as a hub of intellectual-capital generation by creating a dozen new research positions in the city and bringing leading experts from academia and industry together at conferences and workshops. Oliver Wyman partner Wolfram Hedrich will serve as the APRC’s Executive Director, based in Singapore.
In connection with the APRC’s launch, the center released its first report, which focuses on the urgency and significance of current and projected costs of elderly healthcare in Singapore and across the region. Other upcoming APRC reports will focus on infrastructure financing and energy related issues, analyzing key risks facing industries, governments, and societies in Asia Pacific.
“The APRC will generate new perspectives on the major risks facing Asia Pacific industries, governments, and societies today,” said John Drzik, Chairman, Global Risk Center, Marsh & McLennan Companies. “By leveraging actionable insights from the APRC, businesses and governments will be able to respond to threats and challenges faster, and stay ahead of the curve.”
“We are delighted that Marsh & McLennan has chosen to locate its first risk center for Asia Pacific in Singapore,” said Kelvin Wong, Assistant Managing Director, EDB. “Its decision is testimony to the importance of Hub Services as a growth driver for the Singapore economy, and will be a great boost to our business-research ecosystem. Global professional services firms can tap Singapore’s talent base and industry capabilities to develop innovative insights and develop pioneering, multi-disciplinary services for clients in Asia and beyond."
The APRC will extend MMC’s global research network to Asia and add new partnerships with universities and research institutions in Singapore’s local research ecosystem for co-development of intellectual property. Additionally, the APRC announced the launch of its digital news hub, BRINK Asia, sponsored by MMC in partnership with Atlantic Media Strategies. BRINK Asia will provide up-to-the-minute insights relevant to top executives and policy leaders on current and emerging risks relevant to the Asian market. To subscribe to BRINK Asia, please visit www.brinknews.com/asia