Article ID: 942bfb9515e3b501d8ad88e730d829ff035550daaee0970f88e99b033464479b
Source ID: secondary:businessinsurance.com
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Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/challenges-multiply-in-construction-insurance-aon/
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Challenges multiply in construction insurance: Aon - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Challenges multiply in construction insurance: Aon by Matthew Lerner Agents and Brokers , Catastrophes , Construction , Cyber Risks , P/C Insurers , Property , Technology Aon May 7, 2026 As the construction industry continues to grow at a healthy rate, the construction insurance market faces growing challenges. The value of construction activity worldwide is expected to increase from roughly $16 trillion in 2025 to $17 trillion in 2026 and to reach nearly $22 trillion by 2030, driven by growing data center and infrastructure development, according to a report Thursday from Aon. The increasing project values translate to greater exposure to perils from natural catastrophes to political instability, all of which can affect construction projects. “Natural catastrophe and secondary peril exposures like wildfire, severe convective storms, floods and earthquakes remain a key concern, driving technical pricing, tighter limits and higher deductibles in high‑hazard regions,” Aon said in its report. Meanwhile, geopolitical tensions exacerbate supply chain fragility, a common cause of project delays, cost overruns and procurement failures. Cyber concerns and exposures are also growing as the construction industry, like most others, increases its reliance on technology. “As construction sites and project management environments become increasingly interconnected and data dependent, cyber risk considerations have become more central to underwriting,” Aon said. While the general liability market remains “relatively stable,” auto liability and auto physical damage rates are expected to continue to rise in 2026 as “auto and auto-related losses continue to be a concern affecting all casualty lines of coverage.” Related News Greg Joyce named Canada energy, power leader for Marsh Risk May 7, 2026 Insurance renewal rates mixed in April May 7, 2026 Markel promotes Da Costa to lead US cyber, tech E&O May 7, 2026 Feds expand pharmacy benefit program May 7, 2026 California regulators post proposed medical evaluator rules May 7, 2026 Lotsa pasta drama May 7, 2026 Captives jump in to insure complex risks in higher ed May 7, 2026 Everest names ex-Canopius US CEO for wholesale, specialty role May 7, 2026 Benchmark launches AI tool for safety pros May 7, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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