Welcome to the latest issue of Constructive Insight, JLT’s construction insurance market report tracking trends in insurance markets from around the world.
Using a rating scale of 1-10, with 10 representing the most challenging of insurance market conditions, commonly referred to as a hard market, our specialists have undertaken an assessment of local construction market conditions across key insurance classes.
Since the publication of our last report, in June, a number of regions have undergone significant change with certain classes of business now operating under hard market conditions as a result of reduced insurer capacity.
As we detail further in this publication, recent events have demonstrated that the construction market is not immune from large losses and this is currently reflected in the fact that a number of providers have withdrawn from the construction insurance market altogether.
Within this issue you will also find two articles relating to the evolution of building information modelling (BIM) technologies in the construction industry and World Risk Review, JLT’s proprietary platform for assessing country risks.
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For further information please contact Alistair Urquhart, Global Construction Placement Leader on +44 (0)20 7558 3323 or email firstname.lastname@example.org.