FM Announces US$855 Million Resilience Credit Program for Policyholders
Commercial property insurer FM has announced it will provide approximately US$855 million in resilience credits to eligible clients. This initiative, made possible by the company's mutual ownership structure and historically low loss ratios, offers a 10% premium offset for policies renewing or reaching anniversaries between January 1, 2027, and December 31, 2027. The program aims to incentivize risk reduction efforts related to climate hazards and operational exposures. This marks the second consecutive year that FM has provided a 10% credit, following an expansion of the program in 2025. The initiative follows a previously announced US$1.5 billion membership credit, reflecting the company's strategy to reward clients who invest in loss prevention and business continuity.
Topics: insurance premium offset mutual ownership resilience credit risk management