In the News

Whether it's a feature article on our groundbreaking research or an interview with one of our industry leaders, FM Global is frequently in the news. From here, you can read recent news reports and informative articles written by or featuring commentary from company experts.

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Is business prepared for this new normal of disruptions?
01 April 2020 | Tan Hian Hong
The fluid developments around the COVID-19 outbreak are a stark reminder of the evolving threats confronting businesses. Global pandemics, along with increasingly unpredictable and intense weather events coupled with sophisticated cyber attacks, are becoming the new normal of business disruption. Businesses may think they are prepared – but are they? FM Global's Tan Hian Hong explains the importance of having good business continuity planning.
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Building codes – a tool for business resilience
28 February 2020 | Insurance Business Asia
Ensuring the resilience of the built environment, including infrastructure and building stock, is directly linked to the future prosperity of Southeast Asia’s businesses. In this article, Tan Hian Hong, vice president, client service manager for FM Global Asia Operations discusses how strengthening building codes could be the key to business resilience in the region.
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Grappling with cyber complacency in the mining sector
09 February 2020 | CSO
The sophistication of cyberattacks is growing exponentially and so too should defences. Pankaj Thareja, Cyber Consultant, Asia Pacific at FM Global, talks about the cyber vulnerabilities across the mining sector, and how businesses should prepare against potential threats.
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A new approach to managing evolving risks in gas turbine technology
07 February 2020 | Energy Source & Distribution
New gas turbine technology is on the rise and potential failures will impact the bottom line of OEMs, customers and insurers alike. In this article, Terence Lee, Senior Account Engineer at FM Global Australia, talks about finding a sustainable way to get this right and FM Global’s approach to risk evaluation.
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FM Global seals rating affirmation from AM Best
04 February 2020 | Insurance Business Asia
FM Global has received an A+ (Superior) financial strength rating affirmation from AM Best. The rating agency also gave FM Global a “stable” outlook. This “reflects FM Global’s balance sheet strength, which AM Best categorises as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management,” AM Best said.
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FM Global boosts battle against cyber risk
22 January 2020 | Insurance Business Asia
As part of its continued commitment to cyber risk assessment, prevention, and control, commercial property insurer FM Global will be evaluating industrial control systems (ICS) at client locations during its routine engineering site visits. The ICS evaluation will be incorporated into the insurer’s comprehensive review of a client’s cyber exposures not only at enterprise level but also on-site.
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Compliance is not resilience
09 January 2020 | Insurance Business Asia
In this interview with Insurance Business Asia, Pankaj Thareja, cyber security consultant at FM Global, talked about the importance of cyber resilience for businesses, and how risk assessments can help them mitigate their cyber vulnerabilities.
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Preparing for and dealing with equipment failure
12 December 2019 | Insurance Business Asia
Critical equipment failure is one of the most worrying risks for businesses, being listed as a major concern by 94% of Fortune 500-size companies, according to a survey by FM Global. In order to prevent equipment breakdown risks, companies must recognize the business value of preventative maintenance measures, according to Tan Hian Hong, vice president, client service manager, Asia, at FM Global.
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Equipment Failure Risk Is a Major Concern For Fortune 500-Size Companies
13 November 2019 | Industrial Automation Asia
The risks of critical equipment failure and a cyber-attack on industrial control systems are major concerns for 94 percent and 84 percent of Fortune 500-size companies, respectively. That’s according to a new survey of 200 business leaders with companywide responsibility for overseeing equipment operations or equipment risk, commissioned by FM Global, one of the world’s largest commercial property insurers.
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Building resilience against fires – why a fire safety culture is key
31 October 2019 | Insurance Business Asia
In this article, Chan Kai Foo, Assistant Vice President, Senior Engineering Specialist, Asia of FM Global, discusses how Singapore parliament’s recent strengthening of a Fire Safety Code on commercial and industrial buildings is a timely reminder of the risks fires pose to businesses, and how they can build resilience by embracing a fire safety culture.
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