Commercial property insurer FM has expanded its available risk solutions to include parametric insurance, structured risk solutions and captive cells. The carrier says the move creates greater flexibility for clients to better manage the cost of cover and navigate constrained market capacity.

FM says the expanded range of solutions will complement rather than replace traditional property insurance and enable clients to adopt more holistic risk management and transfer strategies.

Laurel Rudnick, chief underwriting officer at FM, said: “Our clients have a wide range of risk management needs and goals. We’re building solutions that give them more flexibility, greater financial certainty and new ways to strengthen resilience over the long term.”

Parametric insurance pays out when pre-agreed triggers are exceeded, ensuring access to immediate funds following a loss. Structured risk solutions enable organisations to better align their insurance spend with their loss performance. Captive cell solutions, combine the benefits of captive self-insurance while avoiding the complexity of establishing a standalone captive.