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FM Global CEO: Insurance losses are preventable, not inevitable


The company has recently expanded its research campus and now has an earthquake table, wind lab and flood lab, allowing researchers to model how natural hazards impact buildings and their contents, and what can be done to help prevent losses from happening in the first place.

"If you think about it, what we are really saying is losses are preventable versus inevitable," said Shivan S. Subramaniam, chairman and chief executive officer of FM Global. "If you want to prevent them, you need an engineering approach. If you look at [losses] as inevitable, you use an actuarial approach."

Keywords

  • Themes:Insurance & Risk Transfer, Public-private Partnerships
  • Hazards:Earthquake, Flood

  • Short URL:http://preventionweb.net/go/13238

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