Construction risk and risk management

Construction

Risk management in the construction industry: report

The worldwide financial crisis affected construction particularly hard. Now all the signs are that the industry in Europe is recovering. StrategicRISK, in association with Zurich, are pleased to present this report into the key risks facing the industry.

Expert view: From the tangible to the intangible

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

Could surety bonds have saved Carillion’s customers from millions in financial loss?

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 future of construction is data-rich and analytics-driven

The construction industry has transformed the way in which it plans executes and finances projects – placing technology at the heart

How Crossrail set the benchmark in construction risk management

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

Special report: Construction risks

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.

In the wake of Grenfell, "we must all learn something"

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

Carillion: “Recklessness, hubris and greed”

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

Carillion collapse: the lessons learnt in supply chain risk

How the collapse of construction giant Carillion highlighted many issues within construction supply chains, including the opaque nature of subcontractor networks