FM Unveils New Insurance Product to Bolster Manufacturing Resilience Globally

Bengaluru – FM, a leading commercial property insurer, has unveiled FM Essential, a fresh insurance offering aimed at manufacturing enterprises looking to build greater resilience and foster proactive loss prevention strategies.

The product was revealed at RISKWORLD in Philadelphia, USA, at a moment when manufacturing operations worldwide are contending with an increasingly intricate global risk landscape.

According to Alex Tadmoury, executive vice president for International operations at FM, the shift in business priorities has been dramatic. "Resilience has evolved from a 'nice to have' to an essential priority for businesses around the globe," he stated. "FM Essential brings together engineering insight, data analytics and competitive risk transfer capabilities to help manufacturers navigate complexity and focus investment where it has the greatest impact."

The insurance solution merges conventional property coverage with engineering expertise and loss prevention knowledge, leveraging FM's proprietary artificial intelligence systems. These systems draw on evaluations conducted annually at more than 40,000 client locations by a network of 1,100 engineers, validated against actual loss data from real-world incidents.

For the Indian market specifically, the initiative addresses the particular growth trajectory of local manufacturers. "Manufacturers in India are scaling rapidly ranging from relatively simple manufacturing operations with critical bottlenecks to highly complex sites with interconnected supply chains and operational dependencies," explained Sumit Khanna, CEO of FMIC India – Reinsurance Branch. "FM Essential is designed to meet organizations at an earlier stage of their resilience journey, combining engineering insight from a loss‑prevention standpoint with data‑led intelligence and a more flexible (re)insurance pathway."

Khanna added that the reinsurance framework reflects market realities, offering manufacturers a pathway toward long-term risk management and sustained operational stability.

FM Essential is accessible through FM's network of broker partners and targets manufacturing firms with medium risk complexity profiles. The product streamlines the quotation process and accommodates both full capacity placements and multi-insurer shared programs.

Following a pilot phase last year in New York, France and India, the product is now expanding into additional US metropolitan areas including Chicago and Cleveland, with Atlanta and Dallas expected to follow shortly. Internationally, Australia, South Korea, Italy, Spain and Switzerland began offering the product in the first quarter of 2026, while Germany and the United Kingdom are slated for the second quarter. Further geographic expansion is planned.

The offering complements FM's existing portfolio, which includes FM Affiliated, designed for middle-market non-manufacturing businesses and specific sectors, and FM's flagship mutual insurance product serving large, highly protected enterprises across specialty industries.

Alongside the product launch, FM unveiled "Protect Your Purpose," a new brand campaign debuting at RISKWORLD 2026. The initiative, delivered through digital channels, social media, events, sponsorships and content on FM.com, underscores FM's conviction that an organization's core mission represents its most valuable asset and warrants comprehensive protection.