As we move into 2026, the Global Construction market continues to navigate a complex risk landscape.
Geopolitical impact on supply chain, skilled labor shortages, rapidly evolving technology and cybersecurity all have a material impact on project delivery.
We are seeing strong competition for risk in most regions across all product lines, excluding North American Casualty. Limits being required are increasing and the need for access to global direct and facultative capacity, regardless of the project location, is crucial.
The 2026 period will be defined by significant opportunities within Digital, Electrification & Physical infrastructure, which are driving activity across the regions.
The Q1 2026 Willis Global Construction Market Update provides a comprehensive look at how these dynamics are playing out globally.
The market is stabilizing with increased capacity and reinsurance support. While Workers’ Compensation is a strong performer with declining claim frequency, other areas like Auto and Excess Liability continue to see rate increases driven by nuclear verdicts and rising loss costs.
Markets are showing signs of stabilization and selective softening, particularly for well-managed risks. While the focus in Europe is shifting toward retrofitting and energy transition, Great Britain is seeing an improvement in Professional Indemnity capacity, though complex engineering and high-rise projects still face rigorous oversight regarding fire and water damage.
The outlook for Asia remains robust, characterized by abundant insurance capacity and a strong appetite for project risks across major industries.
In Australia, we anticipate modest but improving growth, with a notable recovery in the residential sector spurred by government-led affordable housing initiatives.
The strategic momentum remains strong, though there is a perceptible shift from "scale to performance." Buyers who engage early with disciplined risk engineering and robust data are finding themselves in a highly competitive position.
Managing a robust portfolio of large-scale programs throughout Brazil, Mexico, and Chile. Investment continues to flow steadily into renewable energy, logistics infrastructure, and industrial facilities.
Building your risk transfer strategy for the short, medium and long term is critical. By combining specialized construction expertise with our industry-leading analytics, we design bespoke solutions tailored to your unique risks and exposures.
For more actionable insights on current market conditions see our quarterly podcast series below and download our report.
