NORWOOD, Mass., USA—In a year of unprecedented natural disasters and hundreds of billions of dollars in property damage worldwide, FM Global, one of the world’s largest business property insurers, has created the Center for Property Risk Solutions, marked by the opening of a new US$5 million experiential learning facility called the FM Global SimZone.
“The FM Global Center for Property Risk Solutions is the starting point for all the intellectual drivers for our property loss prevention expertise,” said Shivan S. Subramaniam, chairman and CEO. “With the opening of the FM Global SimZone, we’ve taken our capabilities far beyond where we’ve been before by creating a way for our engineers to experience our engineering solutions in a hands-on manner.”
Located outside of Boston, the FM Global Center for Property Risk Solutions houses the one-of-a-kind SimZone as well as the company’s scientific research operations, product-testing and certification division, offices for the development of property protection engineering guidelines and enterprise learning classrooms.
Like FM Global’s state-of-the-art, 1,600-acre Research Campus located in Rhode Island, the Center for Property Risk Solutions is central to the value the company provides its FORTUNE 1000-sized clients. “No organization has a center like this,” Subramaniam said. “It is the fountainhead of everything FM Global does for propelling its property protection guidance worldwide.”
A 21st Century Classroom Like No Other
The FM Global SimZone now enables the company to create simulations of environments and property hazards its loss prevention engineering consultants are likely to encounter.
The 21st century simulation-based classroom brings to life real-world educational scenarios involving common risks like fire, ignitable liquid, construction, equipment malfunction and electrical hazards. In the SimZone, thousands of possible property risk simulations can be created. These simulations provide hands-on opportunities for the company’s 1,800 engineers, and eventually clients, to apply their knowledge and critical-thinking skills to better protect business property from disasters.
“FM Global is the only insurance company with a facility that can simulate most types of potential property risks. That gives our engineers tremendous insights they can share with clients,” Subramaniam added. “The Center for Property Risk Solutions and the SimZone will help ensure property risks are only a distraction, not a disaster, for our clients.”
FM Global has occupied the Norwood, Mass., complex that is now the Center since the 1950s.
About FM Global
Established in 1835, FM Global (www.fmglobal.com) is a US$4.7 billion mutual insurance company, whose clients include more than one of every three FORTUNE 1000 companies and similar-sized organizations in more than 130 countries. FM Global works with its clients to develop robust property insurance and engineering solutions to protect business operations from fire, natural disasters and other types of property risk. Named “Best Global Property Insurer” by Global Finance magazine and “Best Property Insurer in the World” by Euromoney magazine, the company is rated A+ (Superior) by A.M. Best and ‘AA’ (Very Strong) by Fitch Ratings.