FM Global in the News

Business need first to adopt a holistic business risk identification process that helps the company identify the most critical part of its business to ensure its continued operation or survival. Tan Hian Hong, vice president, client service manager for FM Global Asia Operations, speaks to Industrial Automation Asia on the critical aspects of an organisation that businesses need to look at to ensure its survival and to manage risks.

Recent floods ravaging parts of East and South Asia have once again brought the issue of flood risk to the forefront. Tan Hian Hong, FM Global Asia vice president and client service manager, speaks to Asia Insurance Review about the increasing flood risk that businesses face and what they can do to prevent losses.

A study by US-based mutual insurer FM Global found that floods remain one of the more devastating risks for South and East Asia, Asia Insurance Review reports.

Leaders in the Asia-Pacific region in particular must continue to focus on the impact of climate change and invest in loss prevention, business continuity and risk management and mitigation measures to protect their businesses as they pursue the recovery, or face potentially catastrophic damages, Alex Tadmoury, senior vice-president, division manager of FM Global’s Asia-Pacific operations, has warned.

Flooding remains one of the more devastating risks that South and East Asia face, according to a new analysis commissioned by FM Global, one of the world's largest commercial property insurers, and carried out by analytics advisory group Pentland Analytics.

In this week's Views From The Top, Business Times looks at how organisations girding for the recession. Are there any silver linings or bright spots amid the economic gloom? Alex Tadmoury, Senior Vice President, Division Manager Asia-Pacific for FM Global, shares his leadership insights.

Although the pandemic dominates the world’s attention, climate risk is simmering in the background, with 57 percent of Asia Pacific CEOs and CFOs reporting that addressing climate risk is a high priority in their company. The findings stem from a global survey of several hundred CEOs and CFOs at companies with US$1 billion or more in revenue across a wide variety of industries in North America, Europe and Asia Pacific. The research was commissioned by FM Global and conducted by ENGINE Insights.

The world of ICS, much like the networks that control large and often critical infrastructure such as the petrochemical plant in the earlier example, has vulnerabilities. In order to secure ICS facilities, we need to understand the risks and how to plug the weak links. Pankaj Thareja explains the importance of a mindset change and implementing a pragmatic approach for identifying risks and potential business loss consequences.

The Covid-19 pandemic has clearly dominated the attention of CEOs of all companies across Asia in recent times, but evidence gathered by insurer FM Global has found that climate change risk remains top of mind too.

Despite COVID-19 dominating the world's attention, addressing climate risk remains a top priority for 57% of CEOs and CFOs surveyed in Asia Pacific recently. The findings stem from a global study commissioned by FM Global, which surveyed several hundred CEOs and CFOs at companies with $1bn or more in revenue across a wide variety of industries in North America, Europe and Asia Pacific.