Loading Events

Construction Risk Management 2020: Building the future of the modern world

February 27, 2020 @ 8:00 am - February 28, 2020 @ 2:30 pm

etc venues St Pauls, London, United Kingdom

Event Details

Start Date:
February 27, 2020 @ 8:00 am
End Date:
February 28, 2020 @ 2:30 pm
					

The construction industry plays an integral role in building the future of the modern world amidst many challenges. Increasingly complex projects, skills shortages and profitability concerns, mixed with the rapid pace of technology development, are collectively concocting an increasingly risky operating environment for all players.

While the pace of global construction looks set to grow, what has become evident following several large loss events in 2018 and a bumpy start to 2019, is that the losses are bigger, the tail is longer, the fallout is messier and the recovery, more complex.

However, while there’s no denying the challenges that reside in the construction industry, there is a lot to look forward to as the industry receives cash injections from governments around the world as the race to build the smart cities of tomorrow continues.

Big infrastructure projects and game-changing innovation are expected to provide a wake-up call to the industry as there will be a real call for more aligned ways of working.

Risk prevention, management and mitigation in the construction industry has never been more important. It is against this backdrop we set this year’s Construction Risk Management conference, to encourage better and more transparent communication between the sector and the insurance industry which plays a valuable role in all of this.

It’s fair to say that a number of factors have contributed to a frustration among the industry and the insurance market when it comes to the placement of risks and this conference is designed to help everyone attending gain a better understanding of the challenges and find the right risk management strategies and risk transfer solutions to cement the future of the construction industry.

Commercial Risk are running a ‘Construction Risk Management – Insurance Market Outlook’ webinar on 25 September – book your space here.

Venue

Address
etc venues St Pauls
London, EC1A 4HD United Kingdom + Google Map

Day 1

08:00
Registration & coffee
09:00
Welcome address
09:10
Keynote presentation: Building the future of the modern world, identifying protection gaps and seeking out opportunity
This session will identify where the protection gaps will lie and what the challenges and opportunities will be for both the sector and insurance industry.
09:40
Panel discussion: Identifying, managing and mitigating risk factors in modern construction
This discussion will take a deep dive into some of the factors dominating the risk agenda for the construction industry, including: What are these risk factors? How is technology changing the risk landscape in construction? How is increased interconnectivity of risk disrupting the supply chain? Are the construction and engineering industries factoring in non-tangible risks such as reputation and unforeseen business interruption in their risk management strategies?
10:25
Panel discussion: Insurance market outlook: the changing face of risk transfer solutions
After more than a decade of softening, the construction insurance market has made a hard turn, with challenging market conditions dominating much of the conversation. The large losses, when considered in quantum with large numbers of attritional losses, have caused many insurers to take a draconian approach to rectifying the books. Whilst some have favoured using rate increases and tighter underwriting as a remedy, others have decided to walk away from the class completely. This discussion will move this conversation forward to ensure carriers, brokers and the insureds are on the same page when it comes to risk transfer solutions.
11:00
Coffee break
11:30
Breakout sessions: The Risk Management Track
These two breakout sessions will cover: 1) Tunnel/Underground risk; 2) Highrise risk
12:15
The inconvenient truth - construction and climate change
The construction industry has one of the largest carbon footprints and pressure is mounting for this to change. How can insurers help promote a better culture around risk management and the effect of climate change?
13:00
Lunch
14:15
Panel discussion: Supply chain risk and business continuity planning in construction - Case study: Carillion and Interserve
In the immediate aftermath of Carillion going into liquidation a number of suppliers that had significant revenues tied up in contracts with Carillion, or which worked almost exclusively for the construction giant, also filed for insolvency, directly citing Carillion’s demise as the cause of their failure.
15:00
Breakout sessions: The Insurance Track
These two breakout sessions will cover: 1) The use of captives and other alternative risk transfer solutions; 2) Underwriting submissions for CAR - how to present your risk
15:45
Coffee break
16:15
Case study presentation & panel discussion: Major infrastructure projects and lessons learned
Case study: Hydro projects
17:00
Closing remarks & drinks reception
19:00
End of day 1

Day 2

09:00
Registration & coffee
09:30
Welcome back and day 1 recap
09:40
Presentation & panel discussion: The new age of engineering and construction technology
10:25
Breakout sessions: The Risk Management Track
These two breakout sessions will cover: 1) Petrochemical; 2) Water damage
11:10
Coffee break
11:30
Breakout sessions: The insurance track
These two breakout sessions will cover: 1) Inherent defects liability - the unknown unknown; 2) US, UK and EU - summary of key nuances in construction coverage
12:15
Presentation & panel discussion: Low frequency/high severity - lessons from claims and losses
Claims management is a critical element of any insurance programme, particularly in large and complex construction projects that typically involve many parties and potential areas of dispute. This session will help risk managers identify the major potential dispute areas.
13:00
Closing remarks & lunch
14:30
End of day 2

For further information about speaking at this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

For further information about sponsoring this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

For further information about speaking at this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

For further information about sponsoring this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

Delegate Rates

Risk and Insurance Managers - Free to attend

All other delegates - Early booking rate of £650 (+ VAT where applicable)

Please click here to register.

You will be taken to an external site to complete your registration. Payment can be taken in all currencies, however will be processed via WorldPay using GBP.

Commercial Risk event refund policy

« All Events