New technologies in construction will fundamentally alter the risk landscape for engineering insurance. They could significantly increase efficiency and include enhanced monitoring, mitigation and management of engineering-related risks, but they also create new risks, like cyber. At the same time, urbanisation, the development of renewable energy sources and the replacement of ageing infrastructure should prompt an increase in construction spending and the demand for engineering insurance. Read about these trends and more in Swiss Re's latest sigma about insurance in Engineering & Construction.
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