Increased exposure bases fueling construction premium growth: WTW
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Increased exposure bases fueling construction premium growth: WTW

Jairo Ibarra
30 March 2023
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Higher labor and materials costs are driving exposure bases and premiums up in the construction industry, although it is unclear if it is directly correlated to increased risk in the class, WTW reported.

The broker noted that there is an influx of capacity into the North American market and increased competition for quality risks, fueling pricing flexibility and coverage offerings.

WTW

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News Construction/engineering Rates WTW
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Jairo Ibarra
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