#risk management #Luxembourg #Luxembourg City #FM #Luxembourg Science

FM Launches a New Science and Technology Center

FM, a prominent commercial property insurance company, has embarked on an exciting new project with the groundbreaking of its European Science and Technology Center in Luxembourg. This state-of-the-art facility is designed to foster research and promote best practices in risk management, which will significantly benefit clients in Europe, the Middle East, and Africa (EMEA).

The establishment of the Science and Technology Center reflects FM's commitment to enhancing client engagement and innovation within the heart of Europe. With an aim to improve access to engineering knowledge and research on risk mitigation, the center is set to bolster the company's proactive approach to identifying emerging risk factors through data-driven solutions.

Malcolm Roberts, Chairman and CEO of FM, stated that the new facility represents a significant milestone in FM's journey as it expands its support and resources for clients in the EMEA region. He remarked, “The FM Science and Technology Center is instrumental in providing our clients with cutting-edge research capabilities in this vital market.” This ambitious investment is on track for completion in 2027.

Luxembourg has been home to FM’s European headquarters since 2017, making it an ideal location for this technology center due to its geographic positioning in Central Europe, which facilitates easier access to clients and skilled talent from neighboring countries like France and Germany.

The center is focused on advanced research into climate-related risks, industrial technologies, and solutions aimed at preventing losses associated with cyber threats. It will create a collaborative environment for clients, potential customers, collaborators, and FM partners, offering opportunities for training and learning in experimental laboratories. This initiative underscores FM's unique engineering and scientific approach to risk reduction and loss prevention, critically supporting the resilience of clients now and into the future.

Furthermore, Roberts emphasized the firm's dedication to integrating local standards and practices into its global platform, thus enhancing its understanding and relationships with clients, partners, and communities. “As FM expands its global operations, we are adapting and incorporating local practices into our overarching framework,” he added.

Luxembourg's Prime Minister, Luc Frieden, acknowledged the importance of research and development in ensuring economic prosperity, saying, “The FM Science and Technology Center is a testament to the excellence of Luxembourg’s economic ecosystem when it comes to data-driven innovation.”

The new facility builds on FM's existing capabilities in research, education, and training, amplifying its global resilience network and demonstrating its commitment to bridging expertise in insurance with scientific innovation. Overall, FM's strategic focus on tackling evolving risk factors through scientific inquiry is set to pave the way for better understanding and response to current and future challenges in the risk landscape.

FM has a rich history of nearly 200 years in mutual insurance, positioning itself as a market leader with substantial capital capabilities, research potential, and engineering expertise dedicated explicitly to property risk management. Notably, it serves many of the world’s largest organizations, including one-quarter of the Fortune 500 companies, equipping them to make informed risk management decisions that effectively balance loss prevention with insurance protection.

In addition to the Luxembourg Science and Technology Center, FM operates several other research and educational centers globally, enhancing its ability to understand the changing risk landscape and deliver tailored solutions to clients. These facilities include:

• - FM Research Campus, West Glocester, Rhode Island, USA: The world’s first research campus aimed at preventing the escalation of physical threats into disasters.
• - FM Science and Technology Centre, Asia Pacific, Singapore: A pioneering experimental risk management center designed for clients in the Asia-Pacific region.
• - FM Science and Technology Center, Americas, Norwood, Massachusetts, USA: A modern training facility encouraging innovative teaching methods and idea generation, slated for expansion in 2026.

With these initiatives, FM continues to champion risk management by focusing on innovative research and strategic partnerships that not only bolster business continuity but also promote sustainable practices in risk reduction.