Q1 2026
Construction Market Update
Foreword
The construction industry continues to be a cornerstone of economic growth, enabling critical infrastructure, housing, and the assets that support the global energy and digital transitions.
The risk environment remains complex. Geopolitical volatility, shifting trade dynamics, and uneven economic conditions influenced project pipelines, costs, and contract performance. The insurance industry’s response to these trends remained critical to economic stability across many industries, including construction.
Our Construction Market Update Q1 2026 provides a regional view of insurance capacity, pricing, coverage, and underwriting in response to the evolving landscape. The report is organized across seven regions: Asia, India, the Middle East and Africa (IMEA), Europe, Latin America and the Caribbean (LAC), the Pacific, the United Kingdom, and the United States and Canada.
Paul Knowles
Global Chairman of Construction
Global update
The following data is provided by Guy Carpenter on treaty renewal outcome.
reinsurer treaty capacity, its highest level since 2020.
of new capacity entered in 2026.