Commercial property mutual insurer FM Global has launched a new tool to help clients identify and understand future climate risks.

FM Global says its Climate Change Impact Report will provide customers with actionable insights to help stay resilient, enabling them to see short-term risks up until 2030, as well as long-term risks to 2050.

It says the tool combines client-specific engineering data with the latest climate modelling to identify potential climate change impacts to risks such as extreme rain, strong winds, heatwaves, droughts and rising sea levels. 

FM Global President and CEO Malcolm Roberts says the technology will help arm clients with “engineering expertise, cutting-edge research and access to high-level data”. 

“From hurricanes to rising sea levels, our clients need to be prepared and take steps to build resilience, taking action now for what the future might bring,” Mr Roberts said. 

“We believe this market-leading product will help businesses proactively plan for and defend against climate-related events. Loss and disruption are not inevitable.” 

The insurer says the tool helps complement similar initiatives, including its Climate Reporting Aid, which assists with climate-related financial disclosures and Climate Risk Report into ongoing risks.