Insights & Impacts

As intense floods and storms get more frequent in the region, there are growing fears that companies aren't aware of the risks they face or prepared for them.

As we continue to watch the unfolding conflict, FM Global has made the decision to stop renewing any reinsurance business and to cease underwriting new reinsurance business with Russian insurers.

As we watch the unfolding situation in Ukraine, our thoughts turn to all who may be impacted by these tragic events.

Recent announcements at COP26 demand action from businesses, says FM Global’s Mr. Tan Hian Hong. However, many companies have not yet fully grasped the operational risks to their business presented by climate change or understand what can be done to address them.

With new technology, comes great opportunities, and even greater risk. Pankaj Thareja speaks to Strategic Risk APAC to discuss 5G and how businesses can reap the benefits, and minimise risk to industrial control systems.

Today, data is the new gold. While data is perceived to be a source of vital intelligence that can help organisations make informed risk management decisions and predict risks to their asset portfolios, understanding how to identify and apply data continues to be an area where many businesses struggle.

Concerns over climate risk and the increasing threat from natural hazards continue to top corporate board agendas. What is the link between a changing climate and the frequency and severity of natural hazard events? To address these issues, FM Global’s...

We’ve seen in the past year how the global pandemic is accelerating technology adoption as companies innovate to compete in an increasingly digital economy to meet evolving consumer demands. This is a positive development and will enhance the global economy’s recovery and its long-term sustainability. Pankaj Thareja, Senior Cyber Consultant at FM Global talks about how the risk of digital transformation and implementation of new and innovative digital technologies when inappropriate safeguards are not done, can come at a very real financial and operational costs.

InsuranceAsia News (IAN) recently caught up with Tan Hian Hong, vice president and client service manager – FM Global Asia, to discuss the impact of outlier events like the Ever Given incident on insurance rates. Other topics discussed include loss prevention and resilience in a post-pandemic world and the future of the insurance industry as the region begins a long recovery from Covid-19.