FM Global, a US-based commercial property insurer, plans to open its largest innovation centre outside of the US in Bengaluru, India, along with a sales office in Mumbai, during the second half of this year.
With its key operations located in Bengaluru, the upcoming innovation centre is anticipated to commence in October 2025. This centre will enhance support for its Asia-Pacific regional operations and strengthen global capabilities in technology, business operations, and analytics.
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In India, FM Global functions as a reinsurer, collaborating with primary insurers like HDFC Ergo and ICICI Lombard. The new facilities will expand the company’s presence in India.
Srinivasan Krishnamurthy, senior vice-president, FM India, said, “We are significantly expanding and doubling down on our investment in India along multiple dimensions. We are building on our existing footprint in Bengaluru. After evaluating different locations, it was clear that Bengaluru’s innovation ecosystem is the most vibrant. There is also a broad availability of STEM talent here.”
Krishnamurthy added, “A client experience centre will be co-located with our Bengaluru centre through which we intend to showcase to prospective employees and clients in India and the region, about how they can benefit from our loss-prevention expertise.”
The process of hiring for technology and business operations roles has been initiated, with positions such as product owners, data engineers, platform engineers, software engineers, and business operations specialists already being filled.
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By GlobalDataThe organisation reported worldwide revenues of approximately $11b in the previous year, and it maintains a presence in roughly 149 countries. It has 50 offices across the globe and employs a total of 6,000 individuals, including 2,000 engineers.
