Construction

Companies around the world are accelerating their commitments to net-zero emissions by 2050. While the construction sector is playing its part by switching to sustainable energy and adopting modern building methods, the move towards carbon neutrality will likely see a significant shift in the risk landscape, and the need for greater collaboration within the insurance industry to help underwrite new risks.

As the economy continues to rebound after the pandemic, insurers expect to see growth in construction and hospitality business in 2022, said Rebecca Gitig, head of US primary liability for Aspen Insurance.