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Global Construction Insurance Trends & Risk Update 2025

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What are driving rate reductions in the construction insurance market?

Risk appetite has increased globally among existing underwriters and new entrants / re-entrants. This has led to significant insurance rate reductions across most territories in the first part of 2025. In particular, the construction insurance market has seen a pronounced decrease in rates. 

In Asia, meanwhile, the insurance market is currently in a growth phase among all sectors — including construction — demonstrating increased activity and indicating a clear trend towards increased risk appetite. 

Are you prepared for changes in construction insurance rates?

Marsh’s latest Construction Market Update gives a clear overview of key insurance market areas like Construction All Risks, Casualty / Liability and Professional Indemnity insurance, that are relevant to construction companies worldwide. It highlights how increased insurer appetite and capacity are likely to impact the market through the rest of 2025. 

Looking ahead, buyers can expect more competition as both new and existing insurers show growing interest, which could create better opportunities for securing favourable terms.

“Geopolitical uncertainties and regional political fragility continue to affect the construction industry, causing supply-chain disruptions and deferring investment decisions. However, the construction market has been booming in Asia, driven by AI-related investments and new power generation assets. Coupled with insurers’ increased risk appetite, this evolving landscape indicates a positive outlook, supporting growth across the sector.”

Chris Bickerstaff
Regional Construction Leader, Marsh Asia

What you’ll gain from the Asia insights: 

  • Understand the impact of increased capacity: Discover how global construction markets have generally stabilised in terms of pricing and capacity, and what this means for your policy terms and renewals.  
  • Refine your risk management strategy: Analyse insurance market trends across appetite, capacity, coverages, limits, pricing, rating, and underwriting to better manage your risks.
  • Explore regional breakdowns: See which regions are expected to mark construction output growth in the coming years. Learn the key drivers behind this growth — such as investments in renewable energy and infrastructure projects — and how insurance markets vary across these areas.