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ARTICLE · 06 SEPTEMBER 2024

Global Construction Rate Trend Report: Q3 2024

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We are now observing capacity levels similar to those seen at the top of the last soft market cycle in early 2019 in most regions in the construction insurance market...

GlobalReal Estate and Construction
Gemma Tait
Gemma Tait

Our latest perspective on the global construction industry, highlighting regional insights and construction insurance rate trends.

Construction insurance marketplace update

We are now observing capacity levels similar to those seen at the top of the last soft market cycle in early 2019 in most regions in the construction insurance market and in most commercial lines of business. We expect this positive trend to continue during the second half of 2024 and into 2025

We expect this positive trend to continue during the second half of 2024 and into 2025

This is due to increased interest from insurers in maximizing deployment of local capacity along with an influx of new capacity as entrants establish themselves, including renewed interest from internationally based insurers and reinsurers and returning former market players.

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