FM in the News

When Covid-19 hit us at the start of 2020, few foresaw the pandemic holding us in a captive limbo till now. Global supply chains have been impacted to varying degrees, with medical and food supplies being two notable casualties. What risk management lessons can we learn from our experience? FM Global's Jeffrey Toh discusses how we can manage supply chain risks.

Asia was the first region to confront COVID-19 and its businesses the first to confront unparalleled stress on property assets, supply chains, technology infrastructure and people. FM Global’s Mr Nantha Marimuthu and Ms Yong Seek Ying take a look at the changing face of real estate risk.

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.

Leaders in the Asia-Pacific region 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 warns.

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.

Business 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, says Alex Tadmoury, senior vice-president, division manager of FM Global’s Asia-Pacific operations.

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.

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.