The construction industry plays an integral role in building the future of the modern world amidst many challenges. Increasingly complex projects, skills shortages and profitability concerns, mixed with the rapid pace of technology development, are collectively concocting an increasingly risky operating environment for all players.
While the pace of global construction looks set to grow, what has become evident following several large loss events in 2018 and a bumpy start to 2019, is that the losses are bigger, the tail is longer, the fallout is messier and the recovery, more complex.
Risk prevention, management and mitigation in the construction industry has never been more important. It is against this backdrop the organisers set this year’s Construction Risk Management conference, to encourage better and more transparent communication between the sector and the insurance industry which plays a valuable role in all of this.