Construction Risk Management Conference 2022
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. Population growth and urbanisation, as well as climate change, are expected to be the main drivers in the demand for infrastructure construction and home building in coming years. Climate change and the race to net-zero targets are arguably the greatest challenges that face the construction industry. They will lead to big changes in construction processes and methods, while the industry is already undergoing a technological transformation, with digitalisation and growth in modern manufacturing methods. As the sector grows, so too does the risk of greater pollution and waste.