Singapore ranked third globally in the 2026 FM Resilience Index, the highest position for any Asia-Pacific economy in the annual ranking of 130 countries by commercial property insurer FM. Europe claimed nine of the top 10 spots, with Denmark holding No. 1 for a third straight year.

Singapore posted a macro score of approximately 95.9, with perfect marks in political risk and urbanisation rate, and a cybersecurity score of roughly 99.8. Australia placed 13th, recording a score of 100.0 in education and around 95.7 in cybersecurity. New Zealand ranked 23rd but carried a seismic risk exposure score of approximately 8.2, reflecting its geological profile.

In North Asia, Japan (32) recorded a cybersecurity score of around 95.4 but a seismic risk exposure score of 0.0. South Korea (33) posted scores of approximately 90.3 in cybersecurity and 77.3 in logistics. Hong Kong SAR (46) recorded one of the region's highest macro scores at roughly 84.9 but a physical score of around 45.3, dragged down by climate risk exposure.

India continued its rise across all three zones, moving up three spots in Zone 1 (Eastern India) to 94, four spots in Zone 2 (Northern India) to 100 and into 76th for Zone 3 (Central/Western region). Thailand (65), Indonesia (78) and the Philippines (94) occupied the middle and lower tiers. Vietnam (108), Bangladesh (119) and Cambodia (120) sat in the bottom third.

Over five years, Ghana climbed 18 places to 70, Rwanda rose 14 to 67 and Mongolia fell 17 to 108. Iran dropped 16 to 125 and Croatia fell 22 to 44.

Leo Kushner, FM's business intelligence director, said risks that businesses cannot see can still cause damage, particularly as climate and operational conditions shift faster than expected. "The 2026 FM Resilience Index delivers the objective insight leaders need to navigate volatility, understand evolving risk and make more resilient strategic decisions," Kushner said.

FM noted that locations in the top 50 tend to recover more than 30% faster from property losses on average. For data centre operators, FM cited Singapore, Japan and South Korea as Asia-Pacific markets with conditions suited to power-dense infrastructure.

FM's focus on the sector comes as data centre investment reshapes capital flows across the region. A January 2026 report from UN Trade and Development (UNCTAD) estimated that announced foreign direct investment in data centres exceeded $270 billion in 2025, with South Korea among the top three host countries globally.

JLL's 2026 Global Data Center Outlook projects that nearly 100 GW of new capacity will be added worldwide between 2026 and 2030, doubling global supply, though the real estate firm cautioned that grid limitations now threaten to curtail growth. The International Energy Agency has separately projected that global electricity consumption by data centres will double to roughly 945 TWh by 2030, underscoring the premium on stable energy infrastructure that FM's physical risk scores attempt to capture.

The index covers 18 drivers using data from the IMF, World Bank and FM's own property loss analysis.