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New index reveals world’s most resilient countries

Staff Reporter by Staff Reporter
June 15, 2023
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Commercial property insurer FM Global has today revealed the results of its Global Resilience Index, an online, interactive tool that ranks countries on 15 measures of economic, risk quality and supply chain resilience.

The UK ranks in 13th place in the index (as it did in 2022). The data, both proprietary and aggregated from authoritative third parties, places these 10 countries/territories atop the chart.

1. Denmark
2. Singapore
3. Luxembourg
4. Germany
5. Switzerland
6. United States Region 3 (Central)
7. United States Region 1 (East)
8. Sweden
9. Finland
10. Austria

The least resilient three were found to be:

128. Ethiopia
129. Venezuela
130. Haiti

The biggest riser was the Dominican Republic, which rose from 99th to 95th based on a higher climate risk quality ranking in this year’s index. The biggest faller was Lebanon, which dropped from 101st to 106th, due in part to a lower ranking in health care spending.

“Objective data should support most major business decisions, and in the Resilience Index we’ve aggregated salient data to help companies build resilience for decades to come,” says Pentti Tofte, staff senior vice-president, data analytics, FM Global. “When potential disruptions loom, a resilient company can mitigate losses of revenue, market share and growth – losses that may have been unrecoverable.”

FM Global’s Resilience Index is freely accessible to any risk professional or company seeking to improve resilience, reduce risk and achieve their ESG goals.

Source: cirmagazine.com
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