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Engineering & Construction claims and insurance trends

Engineering insurance is a highly specialized class of insurance that covers the world’s largest construction projects, including airports, high speed rail links, power plants and manufacturing complexes. Such projects are typically very high value – the largest are in the tens of billions of dollars – and can run for many years, even decades.

In our new report, we identify eight emerging developments around engineering and construction risks and examine how new technologies, such as drones, satellites, lasers, and computer modeling, are increasingly being used to speed up claims and mitigate risks.

Download the report
INFOGRAPHIC: Top causes of engineering losses

Fire is the biggest cause of loss for engineering claims, accounting for over a quarter of losses by value, but just 7% by volume based on analysis of more than 13,000 claims.
PRESS RELEASE: Trends making construction projects costlier
Whether it is an airport or a car manufacturing complex, sites are now much larger, more complex and more expensive, meaning more is at stake if things go wrong.
FULL REPORT: Increasing roles of drones and new technology
Assessing risks and claims and establishing the ultimate cause of loss has become much more difficult. However, insurers have an increasing array of new technology to help.
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