As an organization, FM Global has always believed that it's best to lead by example. And so, with that in mind, the insurer broke ground recently on the construction of a new loss prevention training and operations center, located in the Singapore Science Park, a research, development and technology hub in Singapore. The groundbreaking marked the start of the construction phase for the new six-story, US$59 million, 125,000-square-foot (11,610-square-meter) facility that will house the FM Global Asia SimZone, the company's first hands-on training facility in Asia, and the first of its kind on the continent.
"Singapore is a natural home because the company shares a like-minded belief with the Singapore government on the value of resilience," says Stefano Tranquillo, senior vice president of FM Global's Asia-Pacific division.
Interactive labs and learning areas will allow the safe simulation of property risks, such as natural hazards, fire, ignitable liquid, construction, electrical hazards and industrial equipment malfunction, in a protected environment to help visitors better understand how local hazards can be mitigated.
"The new center will house an array of one-of-a-kind learning facilities to provide experiential loss prevention education," says Tom Lawson, FM Global's president and chief executive officer. "It will be at no cost to our policyholders and will also provide interactive training capabilities to building designers, contractors, students, educational institutes, insurance brokers and government officials."
Lawson adds that, over the course of FM Global's 35 years of operating in Asia, the insurer has seen companies in the region express an interest in increasing their resilience to risk. The Asia SimZone is designed to feed that appetite.
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