RISK RADAR · BUSINESS LINE
Energy, engineering and construction
Strategic risks that hit energy, engineering and construction: onshore and offshore energy, renewables, power, construction and engineering.
ARGUS’S READING Steady · Hormuz uncertainty and energy-transition supply-chain gaps persist; the reporting does not establish a broader change in insured losses.
Property and catastropheCasualty and liabilityMotorMarine, aviation and transportEnergy, engineering and constructionCredit, surety and political riskCyberAgricultureLife, annuities and pensionsHealth and medicalWhole industry
1–3 yrsClaims and pricing
Energy transition reshaping insurance risk as uninsured supply chains, strained models meet mainstream parametric cover with persistent basis risk ↗
Energy-transition supply chains sit outside cover while cat models strain, leaving parametric basis risk for energy assets.
NowClaims and pricing
Dow Jones Energy Forum: With Strait of Hormuz Uncertainty 'New Normal,' Lloyd's and McDermott Executives Point to Market Innovation, Optionality ↗
Lasting Strait of Hormuz uncertainty keeps chokepoint transit risk and marine war cover in flux for shipping and energy.
1–3 yrsClaims and pricing
Building tomorrow's infrastructure: CAR considerations when damage, delay and demand collide ↗
Data centre build-out outpaces construction wordings and underwriting, making construction-all-risks exposures harder to price.