Arch report flags geopolitical instability as top construction sector risk amid rising volatility
ACGL•Geopolitical instability leads reported risks
Geopolitical instability ranked as the top risk at 59%, followed by supply chain disruption at 52% and weather and climate events at 36%.
Two-thirds reported a moderate or significant increase in risk and insurance spend over the past year amid higher uncertainty.
Nearly three-quarters increased project contingency allowances over the past five years to buffer cost and delivery risks.
Arch Capital's inaugural construction risk report highlights rising volatility
Arch Capital published its inaugural Construction Risk Report, flagging rising project volatility across global construction.
About 85% of risk and insurance managers reported at least a moderate rise in risk exposure over the past 12 months.
