JOHNSTON, R.I., USA, September 5, 2023 – FM Global, a leader in loss prevention and business continuity, today announced it earned a 2023 Innovation Award from Business Insurance magazine for its Climate Resilience Product Suite, tools that help organizations withstand and rebound from climate-related disruption, protecting their value today for prosperity tomorrow.
The suite includes several first-of-a-kind products to help clients address climate risk, including:
- The FM Global Resilience Credit
- The FM Global Climate Risk Report
- The FM Global Climate Reporting Aid
- The FM Global Climate Change Impact Report (announced in May 2023)
- The FM Global Resilience Index (updated in June 2023)
“Many business leaders are deeply concerned about the changing climate and often lack objective, actionable data and information to help them protect the value they’ve created,” said Carmelina Borsellino, vice president, chief engineer at FM Global. “Through our climate resilience products, we can support our clients with the insight and loss prevention priorities and solutions they need to protect their property against climate risks today and into the future.”
The Business Insurance Innovation Awards program, which is in its 14th year, highlights innovation across the risk management and commercial insurance sector, recognizing outstanding work performed by a broad range of service providers. Winners were selected by an independent panel of judges composed of professional risk managers.
In prior years, FM Global has earned Business Insurance Innovation Awards for its Resilience tour interactive truck, Equipment Predisposed tool, Cyber Lab, Cyber Risk Assessment, Global Flood Map, MyRisk® portal, FM Global Resilience Index, and FM Global SimZone.
About FM Global
Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.