FM Global on Tuesday launched two climate reporting tools designed to help policyholders prioritize their climate risk mitigation investments.
The Climate Risk Report rates a policyholder based on the actions it takes to manage climate risks and its exposure to events such as floods, windstorms, hail and wildfires, FM Global said in a statement.
The report is based on billions of property risk data points collected in more than 60,000 engineer visits each year to policyholder sites, the Johnston, Rhode Island-based insurer said.
FM Global will also provide policyholders with climate reporting assistance to help them disclose acute and chronic climate-related financial risks to investors and the public under widely accepted frameworks such as the International Task Force on Climate-related Financial Disclosures.
FM Global said in August it would offer a 5% premium offset to policyholders to help them invest in climate mitigation. The credit amounts to approximately $300 million across its policyholder base.