Evidence of actuarial hiring: IRDAI-registered reinsurance branch (Appointed Actuary required) (source). Checked 10 Nov 2026.
About FM India
FM (formerly FM Global, legally Factory Mutual Insurance Company) is a US mutual insurer based in Johnston, Rhode Island, with roots going back to 1835. It specialises in commercial property insurance for large companies and is known for its engineering-led approach: loss-prevention engineers survey client sites and its research campus tests fire, flood and other hazards.
In India, FM operates a foreign reinsurance branch registered with IRDAI, based in Bengaluru. Indian law requires local risks to be written by Indian insurers, so FM supports its multinational clients' Indian sites by reinsuring the policies those insurers issue, and adds its engineering services.
The India actuarial presence is small and tied to the branch's statutory needs: pricing support for property reinsurance, reserving and IRDAI returns under the Appointed Actuary. The distinctive point for an actuary is the property focus, where engineering data and natural catastrophe exposure drive pricing more than claims triangles alone.
Also known as: FM Global
What the actuarial team does
- Pricing support for commercial property reinsurance on Indian sites of multinational clients
- Reserving and IBNR for the branch portfolio
- Statutory valuation and solvency returns to IRDAI under the Appointed Actuary
- Natural catastrophe and accumulation analysis for property exposures
- Experience and data analysis linked to engineering survey information
How students get in
No India graduate scheme, internship or exam-support policy is published. FM lists vacancies worldwide on careersatfm.com, where India roles can be filtered by location; actuarial roles in India appear rarely. The papers required are not published; branch actuarial roles generally go to candidates with several papers and property or general insurance experience. FM's Bengaluru office also hires engineers and analysts, which can be an indirect way into the company. Students interested in property and catastrophe work should watch the careers site and build skills in exposure data and catastrophe modelling.
Roles this employer has advertised:
Questions students ask
What papers does FM India ask for?
Not published. Actuarial roles in the branch are rare and usually need several papers plus property insurance experience.
What does the actuarial work involve?
Pricing support, reserving and IRDAI returns for the Bengaluru branch, with a strong property and catastrophe flavour.
Are there fresher or intern openings?
None published. Watch careersatfm.com for India roles, including non-actuarial analyst posts.
