fm global - twcarmf.org · 3/1/2017 · fm global value proposition our value proposition: we want...
Post on 20-Jul-2020
2 Views
Preview:
TRANSCRIPT
FM Global
TWCA
Risk Management Fund
Board Meeting March 1, 2017
FM Global - Resilience
Agenda
• Value Proposition
• Key Differentiators
• Resources
• Financial Results
• Cyber Coverages
FM Global Value Proposition
Our Value Proposition:
We want to help you protect the business value you’ve worked hard to build. By
identifying your property risks, we can assist you by making property loss prevention
recommendations to help you mitigate loss. And we provide capital for risk-transfer
purposes.
Our Key Differentiators
Our Key Differentiators
As an FM Global client, you are entitled to all the benefits of mutuality, including:
The FM Global long-term view of risk and financial stability
• Long-term strategic view from both an underwriting and investment perspective • The largest amount of capacity available anywhere, through a single property insurer • Consistent coverage and price • Immediate support when faced with a loss, regardless of time or location • Best performing mutual company – Fitch ratings • Consistent profitability
Corporate governance benefits
• Board of directors, advisory boards and risk management executive councils comprised of FM Global clients • Coverage and business innovation developed from client feedback
Membership credit • Policyholder risk improvement and loss prevention efforts rewarded through membership credit • Qualified clients receive up to 15% premium reduction
Mutuality
Membership Credit History
US$3.4 billion since 2001
Our Key Differentiators
Membership Credit
Our Key Differentiators
Membership Credit
Our Key Differentiators
TWCA has been an FM Global client since 2000 2004 $ 64,580 2007 $ 67,630 2008 $ 67,249
2010/2011 $ 87,270 2013/2014 $115,017 2015/2015 $132,763 2015/2016 $143,295 2016/2017 $151,323 Total $829,127
Our Key Differentiators Engineering Services
• Scientific research conducted exclusively for property risk
• Cost-effective commercial and industrial property loss prevention solutions
• Local engineers who assess facilities to consistent standards worldwide
• Project coordination and plan review
• Client training and knowledge-sharing tools
Our Key Differentiators
All FM Global claims professionals are vested with the authority to make key decisions in the field and have been trained to meet consistent performance standards.
In-house claims adjusters
Immediate access to capital
Pre-loss planning minimizes surprises Policyholder workshops to discuss policy response Timely and uniform claims adjustment services
Claims
Our Key Differentiators Business Risk Consulting
Resources
• Site Visits • Risk Report • Jurisdictional Visits • Wind, Flood or Quake assessments • MyRisk Online Tools • Business Risk Consultants • Training – On-line, Custom & Classroom • Plan Review and Project Follow-ups • Impairment Handling • Research Campus and SimZone • Benchmarking
More specific information for each available at www.fmglobal.com
Available to all TWCA members
FM Global Financial Summary
FM Global Cyber History
2000 Data, Programs & Software Coverage (DPS) - $5m limit 2002 Increased limit for DPS coverage to $10m 2005 Added Computer Systems – Non Physical Damage Coverage Combined limit for DPS and CSNPD - $10m 2016 Added Temporary costs to defend against cyber attacks to CSNPD coverage Added Off Premises Data Services PD & TE coverage (OPDS) - $5m Limit
Specific to TWCA
FM Global Advantage Policy:
Broad First-Party Property Cyber Coverage
Cyber Optimal Recovery
Endorsement
Questions
?
top related