Marsh & McLennan Companies (MMC) and the Singapore Economic Development Board (EDB) have launched the Asia Pacific Risk Center (APRC) in Singapore to analyse the key risks facing industries, governments and societies in Asia and identify practical ways to build resilience.
The centre is Marsh’s inaugural risk research institute in Asia Pacific, extending Marsh’s global research network to Asia.
Drawing on expertise from Marsh’s four operating companies, Marsh, Guy Carpenter, Mercer and Oliver Wyman, the APRC aims to further strengthen Singapore’s position as a hub of intellectual-capital generation by creating new research positions in the city and bringing leading experts from academia and industry together at conferences and workshops. APRC’s Executive Director is Oliver Wyman partner Mr Wolfram Hedrich, based in Singapore .
The APRC will produce reports which focus on topics including infrastructure financing and energy related issues, analysing key risks facing industries, governments, and societies in Asia Pacific. In connection with the launch in late August, it released its first report on the urgency and significance of current and projected costs of elderly healthcare in Singapore and across the region.
“The APRC will generate new perspectives on the major risks facing Asia Pacific industries, governments, and societies today,” said Mr John Drzik, Chairman, Global Risk Center, MMC. “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.”
The centre will be adding new partnerships with universities and research institutions in Singapore’s local research ecosystem for co-development of intellectual property. It also 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.