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Report

Construction Market Update Q1 2026

Exploring the trends shaping construction insurance risks

The construction industry continues to be a cornerstone of economic growth, enabling critical infrastructure, housing, and the assets that support the global energy and digital transitions. In 2026, however, the risk environment remains complex. Geopolitical volatility, shifting trade dynamics, and uneven economic conditions continue to influence project pipelines, costs, and contract performance. How the insurance industry responds to these trends is critical to economic stability across many industries, including construction.

Marsh’s Construction Market Update Q1 2026 provides a regional view of insurance capacity, pricing, coverage, and underwriting in response to the evolving landscape. The report is organised across seven regions: Asia, India, Middle East and Africa (IMEA), Europe, Latin America and Caribbean (LAC), Pacific, the United Kingdom (UK), and the United States & Canada.

Use this report to:

  • Refine your risk management strategy: Analyse insurance market trends across appetite, capacity, coverages, limits, pricing, rating, and underwriting to enhance your risk management approach.
  • Explore regional breakdowns: Gain insights into macroeconomic challenges, the local insurance market landscape, and product updates on both a regional and sub-regional basis.

Dive deeper into the global insurance market

Read the latest Global Insurance Market Index, Marsh’s proprietary measure of global commercial insurance rate change at renewal, updated quarterly.

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. 

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