FM Global launches climate change product to predict future risks


FM Global, a commercial property insurer, has launched its Climate Change Impact Report, a proprietary tool to help its clients identify, understand and avoid risks as far in the future as 2050.

In response to growing concern over the short and long-term impact of climate change, the Climate Change Impact Report combines client-specific engineering data gained on location with the latest climate science and modelling.

FM Global said this will allow it to provide clients with actionable insights to stay resilient in the near and distant future, prioritise risk improvement investments, and allow them to keep serving their clients, partners and communities in the face of extreme weather conditions.

The Climate Change Impact Report identifies client-specific locations with the largest potential climate change impact due to risk from extreme rain, strong winds, heat waves, droughts and rising sea levels.

The reports cover two-time spans, short term up until 2030 and long term to 2050.

Malcolm Roberts, president and chief executive officer, said, “Climate change is clearly a major factor in decisions being made by business, organisations and communities about their future. With our engineering expertise, cutting-edge research and access to high-level data, we have a responsibility to help our partners through this rapidly evolving landscape. The Climate Change Impact Report arms our clients with the insights needed to help them protect their facilities against future risks.

“From hurricanes to rising sea levels, our clients need to be prepared and take steps to build resilience, taking action now for what the future might bring. We believe this market-leading product will help businesses proactively plan for and defend against climate-related events. Loss and disruption are not inevitable. We are motivated by the ripple effect of climate resilience, which means businesses keep running, everyday services are provided and communities stay strong.”

Earlier this year, Sustainable1, S&P Global’s ESG and sustainability-focused arm, launched a new nature and biodiversity risk dataset.

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