FM Global in the News

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.

A recent survey by FM Global shows that 57% of Asia Pacific CEOs and CFOs see addressing climate risk as a high priority in their company. Eighty-seven percent of Asia Pacific CEOs and CFOs indicated their organisations are somewhat to significantly exposed to climate risk and 6 out of 10 businesses say that they are less than fully prepared to address adverse financial impacts caused by climate risk.

While finding ways to recover from the coronavirus pandemic remains a global focus, climate risk is simmering in the background with 57% of Asia Pacific CEOs and CFOs reporting that addressing the risk is a high priority for their businesses, said mutual insurance company FM Global.

Hong Kong has been named the most resilient place in Asia in a new ranking by FM Global.⁠ Despite falling from 18th to 19th place, the city still placed ahead of Singapore in 22nd place, Japan in 26th, Taiwan in 29th, and South Korea in 37th.⁠

The latest 2020 FM Global Resilience Index suggests that high-ranking countries are well positioned for a post-pandemic business recovery. FM Global APAC Senior VP Alex Tadmoury argues those who invest in thorough risk and resilience analysis and timely loss prevention measures will be the most successful.

According to the recently released 2020 FM Global Resilience Index, several nations in Asia Pacific are well-positioned to foster a post-pandemic business recovery, due to having a solid foundation for resilience.

Resilience is never more critical than in a world shocked by pandemic, with top-ranked Asian countries and territories in the 2020 FM Global Resilience Index including Hong Kong, Singapore, Japan, Taiwan and South Korea, demonstrating they have the foundations in place for a robust rebound.

FM Global, one of the world's largest commercial property insurers, will be making pandemic relief donations totalling $1m worldwide in the communities where its employees work and live. The insurer will contribute $50,000 to local non-profit organisations chosen by each of FM Global’s 20 operations offices around the world.

FM Global, one of the world’s largest commercial property insurers, has announced that it is making pandemic relief donations totalling US$1 million in the communities where it operates. The company will donate US$50,000 to local non-profits chosen by each of its 20 operations offices around the world.