FM, a commercial property insurer, has published the 2026 FM Resilience Index. This is its 13th annual assessment, ranking 130 countries and territories based on the resilience of their business environments. The report reflects conditions in a period marked by inflationary pressures, evolving climate risks and increasing cybersecurity threats, where resilience is shaped by adaptability and stability.
In 2026, Europe accounts for nine of the top ten positions. Denmark ranks first for the third consecutive year, followed by Luxembourg, Singapore, Norway, Switzerland, Germany, Sweden, Ireland, Finland and Belgium. Denmark’s position is supported by improved scores in areas including cybersecurity, climate risk exposure, climate risk quality, fire risk quality and greenhouse gas emissions.
The United States, divided into three zones, does not appear in the top ten. Zone 1 (Eastern United States) ranks 12th, Zone 2 (Western United States) ranks 16th, and Zone 3 (Midwest/Southwestern United States) ranks 11th. In the Americas, Mexico falls four places to 80th, while Brazil declines 14 positions to 71st.
Several African countries show movement within the rankings. Ghana rises 18 places to rank 70th, and Rwanda increases by 14 positions to 67th. Nigeria also improves, rising 12 places to 102nd.
In Asia, India continues to move upward across its three zones, recording gains in multiple positions. Other Asian economies maintain varied performance across the index.
Geopolitical factors continue to affect country rankings. Iran falls eight places to 125th, influenced by inflationary pressures and a decline in internet usage ranking. Ukraine drops five places to 84th, while Russia rises one position to 59th. Over the past five years, Russia and Ukraine have declined by seven and 12 ranks respectively.
Venezuela ranks last at 130th. Its position is affected by reductions across several indicators, including health expenditure, education levels, inflation performance and GDP per capita.
The index has relevance for the data centre and power generation sectors, highlighting locations where large-scale and power-intensive infrastructure may be supported by stable conditions.
Established markets such as the United States, China and major European economies remain significant in the data centre landscape. Other locations also present potential opportunities. Denmark demonstrates strong energy efficiency performance and recorded a 20-place improvement in cybersecurity this year. Singapore (3) benefits from stable governance, established digital infrastructure and advanced engineering standards.
Switzerland (5), Germany (6), Sweden (7) and Finland (9) provide environments characterised by resilient grids, predictable regulatory frameworks and relatively lower physical risk profiles. In Asia, Japan (32) offers a mature grid and strong cybersecurity capabilities, while South Korea (34) combines digital resilience with established logistics infrastructure.
By providing country-level rankings across 18 drivers, the FM Resilience Index enables comparisons across macroeconomic and physical risk factors, including water stress, fire risk, energy intensity and climate risk. These factors are particularly relevant for expanding data centre and power generation industries. The index incorporates data from third-party sources such as the International Monetary Fund and the World Bank, alongside FM risk exposure and improvement metrics.
