In the News

Lithium-ion battery-based energy storage systems (ESS), in high demand for supplying energy to buildings and power grids but under scrutiny for recent fires and explosions, are the focus of new fire protection and installation guidance from FM Global, one of the world's largest commercial property insurers.

FM Global has released new fire protection and installation guidance to provide a fundamental basis for evaluating hazards in lithium-ion battery-based energy storage systems (ESS), as well as recommendations for appropriate automatic sprinkler systems and safe separation between full-scale EES racks.

Singapore leads the world in corporate governance, according to the 2019 edition of the FM Global Resilience Index. The index annually ranks 130 countries and territories by the resilience of their business environments.

Singapore has been ranked first out of 130 countries and territories globally in the corporate governance category of the 2019 'FM Global Resilience Index'. The index has attributed Singapore's top status in corporate governance to its strong auditing and accounting standards, regulations and shareholder governance.

Singapore has been ranked first out of 130 countries and territories globally in the corporate governance category of the 2019 'FM Global Resilience Index'. The index has attributed Singapore's top status in corporate governance to its strong auditing and accounting standards, regulations and shareholder governance.

This year FM Global intends to recruit more than 60 seasoned engineers particularly for boiler and machinery-related risks. The growing unit will focus on risk improvement priorities such as serving new industries; adding new risk assessment metrics; and broadening the industrial control systems service.

The recent Notre Dame cathedral fire has shone a spotlight on these ancient heritage sites and on what needs to be done to protect them. Asia’s heritage buildings too, must be adequately protected from fire, flood and earthquake damage to preserve them and their artefacts for future generations.

The year 2018 provided dozens of sobering reminders that we are all vulnerable to natural catastrophes. While not all of us experienced the direct wrath of typhoons, floods or wildfires, we nevertheless witnessed the effect on people and communities, and felt the financial and economic fall-out.

Cyber is an increasingly business-critical requirement given the evolving threat landscape punctuated by global cyber threats. If cyber loss prevention wasn’t yet at the top on the executive boardroom’s collective mind, the recent spate of cyber attacks across Asia Pacific will have changed that for good.

When choosing a factory location for a business, risk managers typically look at whether it is structurally sound, fire-resistant, protected from flooding and whether it has the right level of security. In today's increasingly connected digital business world, a further layer of scrutiny is required to ensure that a company's operations are resilient. That layer is cyber.