FM Approvals FM Global Member of the Group FCIA DIIM Educational Symposium i n Abu Dhabi 24 March 2013 FM Approvals Role in Property Loss Prevention Mark D. Tyrol, P.E. Senior Engineer, FM Approvals Today’s Agenda 1. Introduction to FM - Property Loss Prevention Through Engineering 2. Firestop Contractor Approvals (FM 4991) 3. Testing and Product Approvals Roofing Wall Panels HVAC Duct Fire Doors Firestopping Today’s Agenda 1. Introduction to FM - Property Loss Prevention Through Engineering 2. Firestop Contractor Approvals (FM 4991) 3. Testing and Product Approvals Roofing Wall Panels HVAC Duct Fire Doors Firestopping Who is FM Global? Property Insurance Company – (largest in world) • Founded 1835 - 178 year old company • Commercial & Industrial Properties • Headquartered in USA • Typical policy coverage – Property damage – Business Interruption FM Global • Largest industrial and commercial insurance company in the world • $5.5 billion in annual premiums • $7.9 billion in reserves • 5,000+ employees, 1,800+ engineers • 130,000+ insured locations in ≈ 200 countries • Insure 27% of the worlds commercial and industrial facilities • Invested over $150 million in the FM Global Research Campus – a world-renown research and testing laboratory • Since 1835 – business model works! FM Global – Unique Business Model - Belief that loss is preventable through engineering - Mutual ownership: over $2.0 billion returned in membership credits since 2001 - Financial strength (545 in Fortune 1000) - Underwriting Expertise (Bundled engineering & underwriting) - Bet on our engineering FM Global’s Structure Research Engineering Research Campus FM Global Research Campus FM Global • 1,800+ Engineers • 60,000+ facilities inspected • 130,000+ facilities globally • 200+ countries Australasia Australia New Zealand
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