Joseph Lonappan
Managing Director- Specialties India
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India
India’s infrastructure agenda requires both renewing ageing assets and building vast new capacity from highways, ports and metros to renewable energy farms and urban housing. Yet the construction cycle in India is highly sensitive to socio‑economic forces macro growth, urban migration, public spending cycles, and policy shifts making project pipelines and timelines inherently volatile. Builders and developers, therefore, need sharp visibility on current and emerging risks and the agility to respond as conditions change.
Today’s risk landscape in India includes rapid digitalisation (building information modelling (BIM), internet of things (IoT), drone inspections, and digital procurement), acute climate hazards (monsoon intensity, cyclones, heatwaves, and water stress), rising input costs (steel, cement, fuel, and logistics), and supply‑chain chokepoints (port congestion, global component shortages, and import dependencies). Add regulatory and land‑acquisition challenges, labour availability, and evolving environmental, social, and governance (ESG) expectations, and the profile of exposures grows more complex.
The Marsh Speciality Construction Practice is the largest dedicated team of construction insurance specialists globally, comprising over 1,200 experts across nine international hubs. In India, we partner with a diverse range of clients from family-owned businesses with multi-million-dollar turnovers to multinational corporations with multi-billion-dollar revenues delivering tailored insurance and risk management solutions that meet their unique needs.
Marsh Risk’s dedicated team of 13 construction specialists in India focuses exclusively on serving the construction, infrastructure, and engineering sectors, providing clients with seamless access to leading placement capabilities and wide-ranging risk advisory services.
Marsh combines in‑market knowledge across India with global technical teams and access to international capacity.
Dedicated brokers, engineers, and claims advocates with hands‑on experience across infrastructure, industrial, energy, and real‑estate projects.
Practical, proactive claims handling that speeds recovery, reduces dispute risk and helps maintain project continuity.
We design insurance programmes and contractual structures that meet lenders’ expectations and support favourable financing terms.
From tender stage through commissioning and early operations, we align insurance, contract terms and mitigation measures with financing and operational needs.
Report
13/01/2026
Report,Featured insight
25/02/2026
Engage Marsh at the earliest feasible stage ideally during tendering or pre‑ front‑end engineering design (FEED). Early involvement allows us to influence risk allocation, insurance scope, procurement timings and mitigation measures that improve cost, coverage and bankability.
Core covers usually include CAR/EAR, third‑party liability, DSU/ALOP (where revenue exposure exists), marine transit for imported equipment, and professional indemnity for consultants. Coverage should be tailored to project complexity, contractual allocation and financing requirements.
Yes. We provide feasibility and implementation support for captives, design parametric products for rapid liquidity following weather or logistical disruption, and structure alternative risk transfer and blended finance to address difficult‑to‑insure layers.
We align insurance placement, contractual wording, resilience measures, and claims governance with lenders’ covenants and due diligence expectations. Demonstrable risk transfer and robust mitigation lower perceived risk and support longer tenors and better financing terms.
Managing Director- Specialties India
India
Managing Director - Energy, Power & Construction
India
India Construction Practice Leader
India
Executive Vice President - India Construction
India
Chief Client Officer – India Construction Practice
India
Senior Vice President Client Services - India Construction Practice
India