28 Feb '12, 11am

NTU awarded endowment fund to research natural hazards

SINGAPORE: The Nanyang Technological University (NTU) has been awarded S$5 million (3 million euros) to create a permanent professorship in natural hazards. The fund is supported by global insurance group AXA. The endowment fund is expected to be matched by a dollar-to-dollar funding from the government, bringing the total amount to S$10 million. Tsunamis, earthquakes and climate change are areas the AXA-Nanyang professorship hopes to look into. This is the first AXA Chair in Asia, and it will be held by prominent earth scientist Professor Kerry Sieh, who is also director of the Earth Observatory of Singapore at NTU. The AXA Research Fund is awarded to research efforts related to risk management including life science, economic science and socio-economic risk. Godefroy Beauvallet, Head of AXA Research Fund, said: "AXA being one of the largest personal casualty insurers in ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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