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Technology is reshaping construction insurance risk landscape
Munich Re estimates natural disasters drove $112.0 billion of losses in the first half of 2026, with $44.0 billion insured, leaving a 60.0% protection gap.
Technology is changing how construction risk is evaluated, even as it creates new exposure for insurers and claims organizations, according to Risk & Insurance.
The outlet highlights workers compensation benchmarking themes and notes that medical inflation softened in the second quarter, with the NCCI Workers Compensation Weighted Medical Index falling to 1.0% year over year in June.
It also points to the rapid expansion of data center construction as a driver of more complex construction, property, and infrastructure risks that insurers must price and underwrite.
In addition, Munich Re data cited by Risk & Insurance shows natural disasters caused an estimated $112.0 billion in losses in the first half of 2026, with only $44.0 billion insured, implying a 60.0% protection gap.