From tunneling to mining projects and renewables to large-scale infrastructure projects, the risks faced by construction project owners and contractors today are complex. The basket of insurance policies for one project can range from surety bonds through to cargo, construction all-risk covers, liability, professional indemnity, to operational covers and long term defect protection after completion.
To make matters more complicated the insurance coverages are needed at different times during a construction project life cycle. This exposes the project to possible gaps and overlaps in insurance coverage, resulting in inefficiencies and the potential to endanger the viability and attractiveness of a construction to potential lenders and investors.
That's why we created One Construction, a modular solution that covers all your insurance and financial coverage needs across the entire project life cycle from construction to operational phase.
By moving away from the traditional fragmented approach to insurance buying, projects will benefit from a flexible approach, combining traditional and innovative risk solutions designed to address very specific risk profiles.
Contact us to learn more.
Insurance required during a construction project life cycle includes a wide range of covers, from bonding requirements, political risks, traditional marine and construction insurance, operational hazards and professional errors. Too often these exposures are considered in isolation resulting in a fragmented risk-transfer programme and potential gaps and overlaps in coverage. To help businesses take a more holistic view of infrastructure insurance and ultimately make projects more bankable, Swiss Re Corporate Solutions developed 'One Construction'. Watch the video to find out more.Click here to watch the video
Swiss Re Corporate Solutions hosts and sponsors quarterly drinks event in cooperation with A Word About Wind at our iconic London offices at 30 St Mary Axe. These exclusive networking opportunities enable senior wind energy industry professionals to network with their counterparts working in finance and investment in the London City.Learn more
The London Crossrail project is a 21st century marvel. When it's finally completed towards the end of 2019, this major new railway line will straddle London from east to west. This GBP 14.8 billion project is a major enhancement of the city's transport infrastructure that will strengthen the economic resilience of one of the world's largest urban centres.Learn more
Design, engineering, and construction have a multitude of project risks. Most of these are identified, well-defined, and, hopefully, allocated to the party most capable of managing the risk. However cyber intrusion and its potential impact on your business – or your project owner's business – is probably the least appreciated of all construction risks, and it has no clear path to risk allocation or management.Learn more
From the revitalization of downtown Buffalo to new high-rises in the Battery, New York is experiencing a building boom. According to New York City Mayor Bill DiBlasio's website, 88 million square feet of new construction were built in New York City in 2015, a 329% increase since 2009. The site also boasts a 517% increase in new housing units since 2009, with 62,040 new units built last year.Learn more
02 August 2017