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Sky-high risk: The impact of tall tower construction in the UK

Discover how tall tower developments are affecting insurance considerations for owners and developers.

Tall tower construction is reshaping the skylines of London and other major UK cities at an unprecedented pace. In 2024 alone, there are 583 schemes exceeding 20 storeys either in planning or already completed – more than double the 270 buildings constructed over the entire previous decade. This rapid growth brings exciting opportunities but also complex challenges for developers, owners, and construction companies alike.

Our new paper, Sky-high risk: The impact of tall tower construction in the UK, delves into the critical factors shaping this dynamic sector. From evolving legislation and regulatory frameworks to shifting property market trends and insurance conditions, the landscape is changing fast and understanding these forces is essential for success.

Inside this comprehensive update, you’ll discover:

  • Industry developments affecting tall tower construction, including the Building Safety Act, ESG and sustainability, and location considerations.
  • The implications of key risks such as fire and water damage, legal and regulatory compliance, and construction site hazards.
  • The state of the UK construction insurance market for tall tower owners and developers.

Whether you’re directly involved in tall tower construction or simply interested in the future of urban development, this paper offers valuable insights to help you navigate the complexities of building sky-high in the UK.

Read Sky-high risk today to stay informed and prepared. For further information or to discuss how these insights apply to your projects, please don’t hesitate to get in touch with your Marsh adviser.

Click to read the paper

Our people

Craig Charles

Craig Charles

Head of Owners and Developers, UK Construction

  • United Kingdom

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