Your source of construction insurance market trends and analysis from Q1 2018.
Market conditions have started to transition for construction risks in the first quarter of 2018. A number of insurers have reviewed their pricing and coverage models and are looking for wholesale increases; whilst new entrants continue to enter the market providing aggressive alternative options on well managed risks.
The release of a number of multi-billion dollar infrastructure projects to the market over the last 12 months has helped to balance insurer books, for the time being. However, this could just be the calm before the storm, once losses from these projects eventuate. Continue Reading