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The switch to more sustainable buildings and infrastructure and adoption of modern building methods will transform the risk landscape, finds AGCS
Global construction output is expected to grow by 42% by 2030, driven largely by government stimuli - report
Guido Benz, head of engineering and construction, at Swiss Re Corporate Solutions considers how technology is enabling more ambitious construction and engineering projects than ever before. Which in turn introduces new complexities and demand for new risk transfer solutions
One key lesson from Carillion’s demise is that risk mitigation tools may not provide the level of protection that contractors may need but the answer may be found in surety bonds
The construction industry has transformed the way in which it plans executes and finances projects – placing technology at the heart
Risk management has been central to the success of Europe’s largest infrastructure project, owing much to sustained engagement with lead insurers Swiss Re Corporate Solutions and Zurich and broker AJ Gallagher. Colin Hamling, commercial and insurance manager, (December 2009-2016) tells us more
On 14 June 2017, the 24-storey, Grenfell Tower, broke out in flames, causing millions of pounds of damage and widespread social unrest. Seven months later Carillion plunged into liquidation after suffering financial difficulty. These two case studies demonstrate just how complex construction risk has become.
Tougher codes and penalties are putting pressure on the building industry’s insurance cover, while raising questions over how far down the line liability should go
As a company, Carillion did practically everything wrong, yet its sudden demise has sent shockwaves through the business community. As regulators trawls through thousands of documents with a view to taking disciplinary action, the inevitable result is an intense scrutiny of directors and officers liability and transparency