FM Global is a Johnston, Rhode Island-based mutual insurance company, with offices worldwide, that specialises in loss prevention services, primarily to large corporations throughout the world in the Highly Protected Risk (HPR) property insurance market sector. ‘FM Global’ is the communicative name of the company, whereas the legal name is ‘Factory Mutual Insurance Company’. FM Global has been named the ‘Best Property Insurer in the World’ by Euromoney Magazine
The company employs a non-traditional business model whereby risk and premiums are determined by engineering analysis as opposed to historically based actuarial calculations. This business approach is centred on the belief that property losses can be prevented or mitigated. FM Global engineering personnel regularly visit insured locations to evaluate hazards and recommend improvements to their property or work practices to reduce physical and financial risks if a loss occurs.