Commercial property insurer FM has launched a product for manufacturers with risk profiles of “medium complexity”.

FM Essential features a streamlined quote process and supports both 100% capacity placements and programs shared by multiple insurers.

It complements the insurer’s mutual product for large businesses and specialty industries, and its FM Affiliated solution for mid-sized non-manufacturing and specific industries.

FM Essential was piloted in the US, France and India last year, and is now available in Australia, South Korea, Italy, Spain and Switzerland.

A rollout in the UK and Germany is slated for this quarter, and other countries will be added later.

EVP of international Alex Tadmoury says manufacturers face an increasingly challenging global risk landscape, and FM Essential brings together “engineering insight, data analytics and competitive risk transfer capabilities to help manufacturers navigate complexity and focus investment where it has the greatest impact”.