Insights & Impacts

As the impacts of climate change become more extreme and widespread, FM Global has a message for building owners: Insurance can’t save you. From businesses located in flood zones to property at risk from wildfire or sea level rise, the physical infrastructure holding up many companies is increasingly vulnerable to extreme weather and events driven by the changing climate.

The companies that recover quickly from a crisis most likely have leaders who recognise that resilience is good business. A resilient organisation structures its business to ensure that it can meet its minimum needs to survive if disaster strikes. Such a cultural shift can only succeed if it gets the full support of the board, executive management, and key stakeholders.

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 shares on the changing face of property risk, especially in idle facilities.

Businesses need first to adopt a holistic business risk identification process that helps the company identify the most critical part of its business to ensure its continued operation or survival. Tan Hian Hong, vice president, client service manager for FM Global Asia Operations, shares on the critical aspects of an organisation that businesses need to look at to ensure its survival and to manage risks.

Real world property damage and related costs have led to an increasing awareness of climate risk in Asia-Pacific. As economic recovery takes the forefront, it is vital that businesses continue to protect themselves from the ever-present risk of natural catastrophes.

With no certain end in sight to the pandemic, some businesses have managed to mitigate the impact but others are still struggling to plug their supply chain vulnerabilities. FM Global’s Jeffrey Toh, APAC Business Risk Consultant, and Michael Beaumont, Group Manager – Account Engineering, Australia Operations, engage us in this session on “ Reduce Your Supply Chain Vulnerability”.

The current global pandemic has invoked a new normal on businesses across the region, thrusting business continuity plans to the forefront. This PARIMA webinar focused on how, a few months on, these plans are holding up and what businesses have learned about business continuity planning for future unexpected events. FM Global’s APAC Group Manager, Business Risk Consulting, Stuart Selden, and APAC Business Risk Consultant, Jeffrey Toh, share their insights from working with clients across the region.

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.

Total Financial Loss modelling is helping businesses to assess uninsured costs of risk in real dollar terms, in a language that speaks to boardroom decision-makers.

Protect your facilities from the outside forces still at work during the COVID-19 shutdown.