Commercial property insurer FM has launched the FM Intellium program to drive a new initiative aimed at helping clients face a rapidly evolving risk environment fuelled by the artificial intelligence (AI) and cloud computing boom—and the resulting data centre and power generation needs these innovations require.
AI and other powerful computer-driven activities are stoking a rapid increase in data centre development. According to ResearchAndMarkets.com, data centre construction in North America will grow at a compound annual growth rate of 8.1% through 2030. At the same time, evolving technology and accompanying infrastructure will require an increasing amount of power generation.
With decades of experience insuring data centre and power generation clients, FM is now doubling down on investing in loss prevention engineering and research to protect clients across the globe. To support the new initiative, FM has created a virtual on-demand resource unit, which can mobilise subject matter expert (SME) resources to quickly respond to any inquiry, anywhere in the world. Moreover, through its robust data and engineering and industry expertise, FM can integrate data risk with all related power and infrastructure projects holistically, allowing it to offer solutions for all engineering interdependencies, whether operational or prior to construction.
“With the continuing migration to cloud computing and expansion of AI, data centres demand complete operational confidence. FM has the expertise to ensure resilience and prevent losses for even more clients in these crucial sectors,” said Randy Hodge, chief operating officer of FM. “We see a significant opportunity to bring our research, engineering and loss prevention expertise to help clients and the broader industry as these technologies increase and evolve.”
FM sees what others don’t
FM has been insuring data centres for more than 25 years. Today the company protects approximately 1,100 data centres, representing US$250 billion of insurable value. FM’s engineers now spend about 30,000 hours a year working with some of the world’s leading data centre providers. Moreover, teams of scientists at FM are conducting research that supports data centre reliability—from power accessibility and cooling to lithium-ion battery systems and many other areas. To support clients, FM brings unique solutions for the sector’s evolving risks, including site selection hazards, cooling and power challenges, and equipment protection.
With today’s announcement, FM is reinforcing its commitment to partnering with clients as they navigate the intertwined challenges in the data centre industry.
