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Instant Insights / Construction update: Challenges, opportunities and risks

Today's construction insurance market offers unique challenges and risks, but it also presents opportunities for agents, brokers, and insurers to grow business.

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Accounts with Critical Catastrophic exposures and losses will most likely face renewals with increased rates, fewer broad terms and reduced capacity. (Photo: Shutterstock) Commercial property accounts with critical catastrophic exposures and losses will most likely face renewals with increased rates, fewer broad terms and reduced capacity. (Photo: Shutterstock)

This year has commercial property carriers experiencing a multitude of industry challenges. As a result, the industry will see continued changes in the market as carriers look to bring their property books back to a more profitable level.

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