Risk perspectives - Building a better risk profile

David Ireland, chairman, Airmic; group insurance director, Vinci
01 Jun 2003

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News that the Department of Trade and Industry has ordered a reviewinto the growing construction insurance crisis is welcome - but will itmake any difference?

The pool of insurers willing to write construction risk appears to beevaporating by the day. Premiums have rocketed, and there is widespreadevidence that some subcontractors are now operating without insurance.

As well as causing a headache for the construction industry, the situationis also becoming a source of immense frustration to

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