How are technology projects changing the dynamic in the construction insurance marketplace?
Description
Since the CHIPS Act of 2022, the activity in the technology sector has seen a significant increase. Undoubtedly, the global chip shortage in 2021 and 2022 disrupted a lot of supply chains and it caused subsequent product shortages in many industries.
Naturally, the size of tech projects has mostly impacted the construction industry. These mega projects will take years to complete and they are going to be repositioning a lot of the major technology players' entire supply chain and distribution model. The construction industry has quickly adapted to the changing demands and requirements of these mega projects. In the insurance marketplace, we are seeing capacity being both provided by domestic markets and international markets as they see it as a great opportunity to support this rapidly expanding sector.
In this episode of Construction Blueprints, Bill Creedon, Global Head of Construction, is joined by George Haitsch, Technology, Media and Telecom Industry Leader, as well as Jennifer Cate, Senior Construction Casualty Leader, and Edward Holland, Lead Technology Broker. Learn more about the 2024 outlook of the technology sector and the mega projects which are impacting the construction industry.
United States
