LONDON, UK—Commercial and industrial property insurer FM Global has won a 2016 Business Insurance Innovation Award for MyRisk®, a one-of-a-kind cloud-based portal that helps risk managers identify and analyse risks as well as evaluate the cost of risk improvement.
Innovation Awards recognise “the best new products and services for risk managers launched over the past year,” according to the magazine, which noted that “MyRisk" provides risk managers a comprehensive overview of their entire property profiles—information that can be downloaded via a mobile application by on-the-go risk managers.
In its March 14, 2016, edition, Business Insurance wrote: "A natural disaster is approaching, and a company's CEO asks the risk manager for an assessment of the threats the disaster will pose to the company’s operations. If that risk manager has access to FM Global’s MyRisk... that assessment can be delivered in real time, even if the risk manager is not sitting at his or her desk."
"MyRisk gives risk managers Web and mobile access to their policy and claims information as well as their location-based recommendations,” said Bret Ahnell, executive vice president, FM Global. “Bringing this information together in one place offers greater risk transparency and helps risk managers decide where to focus their improvement investments."
An independent judging panel, comprising professional risk managers, selected MyRisk based on its originality in serving the needs of professional risk managers and relevancy to their core concerns; effectiveness in solving one or more risk management problems; ease of use and understanding; and the results achieved when implemented.
In 2015, FM Global also won a Business Insurance Innovation Award for its annual Resilience Index, the first data-driven tool and repository that ranks the business resilience of 130 countries and territories to supply chain disruption. And in 2014, FM Global won an Innovation Award for the company’s SimZone, a distinct 12,000-square-foot (1,115-square-meter) training facility for its clients and engineers in Norwood, Massachusetts, USA.
About FM Global
Established nearly 200 years ago, FM Global (www.fmglobal.co.uk) 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 client-owners. FM Global works with many of the world’s largest organisations to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. FM Global is rated ‘A+’ by Standard & Poor’s, ‘A+’ (Superior) by A.M. Best, and ‘AA’ (Very Strong) by Fitch. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited.