Reason Mag Q1 2014 Seite 36

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With a global workforce of more than 100 000 employees speaking 80 languages and hailing from all corners of the globe PMI is a leading international rm with a far reaching network of wholly owned sites subsidiaries and suppliers FM Global s vast engineering and claims networks as well as its WorldReach partnerships with leading carriers in local markets matches PMI s global presence stride for stride at both the corporate and local levels and has done so since the 2008 spin off The support FM Global has provided since then has evolved as PMI s own needs have evolved In 2011 PMI began a 100 percent insurance pro gram with FM Global which involved the full use of FM Global capacity the PMI What are PMI s biggest challenges in maintaining its global program Jon From an engineering standpoint FM Global has been doing an exceptional job surveying our facilities Where we see challenges is with resident engineering par ticularly when we re undertaking projects Our projects can t wait and they won t wait The underwriting challenges are dif ferent We comply with all local regula tions currency regulations billing and paying premium can be a challenge We consider compliance to be nonnegotiable There are so many regulations in place all over the world But that can be resolved by working with your WorldReach partners Local issues come from having a global program captive and in depth utilization of FM Global s WorldReach partner network This lockstep support comes in many forms including contract certainty and a cost competitive locally compliant insurance program that suits a global entity like PMI and its multi national risk management plan PMI s risk management team opened its doors for a candid discussion about its approach philosophy and relationship with its insurance partner The team included Fabrice Fuentes director treasury pension and insurance Pawel Pietrucha director global risk management and insurance Jonathan Jon King manager risk control and loss prevention and Elizabeth Liz Beaudet manager risk management and insurance 36 Reason ISSUE 1 2014