Description

An expected boom in global construction projects will require new approaches to managing risks for risk and insurance managers but also presents a growth opportunity for the insurance industry, and will hopefully attract new capital and new products to the market.

The industry is set to be a global engine for economic growth and recovery from Covid-19, with average annual global infrastructure construction forecast to grow by 5.1% per year. Some of the highest growth rates will be in North America and Asia-Pacific, while western Europe is forecast to grow by 23%.

The long-term growth in the construction market will bring new challenges to risk and insurance managers and an increased need to transfer risk into insurance programmes. It could also lead to an increase in complex insurance claims.

We welcomed an in-person and virtual audience to this excellent annual event. Thanks to all involved!