Construction is an essential industry for the global economy and activity in the sector is constant. There will always be a need for the renewal of existing and the creation of new infrastructure. But as the build cycle is often driven by socio-economic factors, it can be quite volatile. Construction companies need to have an acute awareness of current and emerging risk issues and be able to respond quickly to changing circumstances.
Digitalization, environmental, social, and governance (ESG) factors including climate risks, rising construction costs, and supply chain chokepoints are some of the current challenges shaping construction companies’ risk profiles. Understanding their impact allows for the design of a considered risk management framework that balances an organization’s retention, management, and transfer needs. BSEEbix's integrated team of construction industry specialists helps clients deliver construction projects in all regions of the world. For more than 30 years, we have supported businesses by accurately assessing their risks, minimizing uncertainty, and embracing safety as a business enabler.
We will work alongside you to craft construction risk and insurance strategies unique to the pressures you face. We can help you design and implement programs that align to your strategic objectives, optimize your capital, and protect your business now and into the future. The Indian construction industry occupies a strong and important position in the nation's overall economy. While the industry did not escape the effects of the COVID-19 pandemic, indications show a strong upward trajectory. The sector is regularly subject to significant operational, supply chain, and workforce risks, such as unexpected fluctuations in material costs, the availability of skilled labor, the impact of emerging technologies, and the possibility of accidents and delays during the building process. For contractors, managing risk effectively can mean higher profits, lower operating costs, and capital that works harder and smarter.
BSEEbix helps you assess risks and opportunities and uncover ways to use working capital more efficiently. We measure your firm’s appetite for risk, recommend solutions that meet your risk financing and mitigation needs, and take your program to market knowing the best insurers have been identified for your program structure and pricing. Our brokers and consultants combine deep construction industry expertise with our industry-leading analytics and predictive modeling engines to help you determine how to strategically embrace or allocate risk. We can help you make optimal risk financing decisions and implement cost-effective solutions.