FM Global Employer Statement – Workplace Gender Equality Agency publishes Private Sector Average Gender Pay Gaps

FM Global has a strong commitment to global inclusion, diversity, and equity, and has several long-term, strategic initiatives to address the gaps in gender composition of our workforce.

Where other insurance companies rely primarily on actuarial tables, we use a hands-on, engineering-based approach. Around a third of our workforce is in engineering roles, and those with engineering backgrounds are highly represented in our senior professional and technical roles as well as senior leadership. Our ability to recruit, develop and advance women to senior levels of leadership, in roles that require an engineering background, is impacted by the representation of female engineers in the Australian workforce, which is approximately 11% (Engineers Australia, Women in Engineering Report 2022). In February 2024, FM Global’s female engineer representation in Australia was 29.7%.  This does not take into account engineers who have moved into other positions within FM Global such as Claims and Underwriting. 

FM Global is committed to pay equity across our compensation practices to ensure employees are paid equitably when performing comparable work, taking into account skills, experience, performance and local conditions.

About FM Global

Established nearly two centuries ago, FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM Global to better understand the hazards that can impact their business continuity in order to make cost-effective risk management decisions, combining property loss prevention with insurance protection.