Insights & Impacts

08 April 2020 | Feature Article

WHY BUSINESSES MUST INVEST NOW TO PREPARE FOR CLIMATE RISK

(/2020/04/08/why-businesses-must-invest-now-to-prepare-for-climate-risk-6797176)

With climate risk top of the agenda, directors must ensure their companies are protected during extreme events, says FM Global Operations Chief Engineer Michael Stuckings.

27 March 2020 | Feature Article

WHAT TO DO DURING AND AFTER A BUSINESS SHUTDOWN

(/2020/03/26/what-to-do-during-and-after-a-business-shutdown)

The coronavirus (COVID-19) outbreak has forced unprecedented sudden closings of facilities around the world. This article outlines some important steps to take to help minimise property loss during and after shutting down a facility.

27 March 2020 | Feature Article

CORONAVIRUS SPREADS TO BUSINESS OPERATIONS

(/2020/03/26/coronavirus-spreads-to-business-operations)

Being resilient means preparing for everything—including infectious disease. The coronavirus (COVID-19) outbreak is disrupting organisations in ways not previously experienced or planned for. What can you do to protect your business?

25 March 2020 | Feature Article

VIRTUAL CLIENT LEARNING LESSONS

(/2020/03/24/virtual-client-learning-lessons)

Attention FM Global clients: Whether or not your business has been affected by the coronavirus pandemic, you can be sure of one thing—now is the perfect time to learn all you can to make your business more resilient.

12 March 2020 | Feature Article

ENERGY STORAGE SYSTEMS AND FIRE PROTECTION

(/2020/03/11/energy-storage-systems-and-fire-protection)

Lithium-ion battery-based energy storage systems (ESS) are in increasing demand for supplying energy to buildings and power grids. However, they are also under scrutiny after a number of recent fires and explosions. To increase awareness of what can be done to improve safety around this technology, commercial property insurer FM Global has publicly released groundbreaking research and recommendations.

12 February 2020 | Feature Article

BUILDING RESILIENCE IN COMPLEX INTERNATIONAL SUPPLY CHAINS

(/2020/02/11/building-resilience-in-complex-international-supply-chains)

Companies are increasingly vulnerable to indirect supply chain disruptions and need to factor this into their supply chain risk management. Despite the increasing complexity of supply chain risk management, it seems executives in C-suites could do more to address the issue directly.

10 February 2020 | Feature Article

Grappling with cyber complacency in the mining sector

(/2020/02/09/grappling-with-cyber-complacency-in-the-mining-sector)

A recent survey by Pricewaterhouse Coopers found that Australian CEOs view cybersecurity risks as their greatest threat to business growth. Yet many mining executives are reporting that it would take a “catastrophic” cyber incident for industry to act and build adequate cyber resiliency.

07 February 2020 | Feature Article

A new approach to managing evolving risks in gas turbine technology

(/2020/02/06/a-new-approach-to-managing-evolving-risks-in-gas-turbine-technology)

As Australia drives towards 24 per cent renewable energy generation this year and up to 50 per cent by 2030, the challenge of managing evolving risks becoming more urgent. We expect to see even more gas turbines modified or upgraded to cater for this change in the generation mix. New gas turbine technology coming to market is increasing resilience by allowing existing turbines to be operated in peaking mode, cycling mode and fast starting mode.

22 January 2020 | Feature Article

Reducing your fire risk

(/2020/01/22/reducing-your-fire-risk)

While the fires may have eased, the impact to Australia’s business community is significant. The economic damage from the bushfires devastating Australia’s eastern seaboard alone is likely to exceed the record $4.4bn set by 2009’s Black Saturday blazes, Moody’s Analytics has said. With summer not yet over, the bushfire threat unfortunately continues meaning everyone must remain vigilant and take steps to ensure that they mitigate the risk.

Category: Risk Management Insights & Impacts