Magazine article Risk Management

The FM Global Giveaway

Magazine article Risk Management

The FM Global Giveaway

Article excerpt

Earlier this summer, FM Global decided to do something few companies would ever consider a good operational strategy: Give away its database of proprietary data. As a commercial insurer, FM Global has spent much of its 175year existence gathering loss prevention information and engineering data, and refining its guidelines for their use through rigorous scientific testing. The company's underlying belief has largely been that if construction materials and other mitigation techniques could just be tested enough in real-world extreme scenarios, the design flaws could be overcome and stronger prevention safeguards could be built.

Seeing as how FM Global prides itself on its testing and research capabilities, it seems odd that the company would just give away this information, which is compiled by topic into data sheets and can be downloaded from the company's website. Until now, such data was available only to FM Global clients, but with more and more governments, companies and other organizations throughout the world looking for proven means to manage these risks, the company decided that everyone could benefit from its rigorously tested data sets. …

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