Aon | Empower Results

Digitalisation represents both an opportunity and risk for global construction, as the internet of things unlocks new frontiers to build, model and understand major projects. In this issue of Construction Insights, we explore digitalisation from a number of angles and we hope that you find these insights – on those or other topical issues – helpful as you navigate the world of construction and risk.

David Bowcott
Global Director – Growth, Innovation & Insight

Future of Construction

Hamstrung by COVID-19, governments around the world are looking to kick-start their economies through big infrastructure investments – a policy shift that is pushing the construction industry into the spotlight.

Cyber Vulnerability In The Construction Sector

Rapidly changing cyber risks are causing project delays and directly impacting construction firms' reputations. This growing challenge is reinforcing the need for a robust cyber risk strategy.

The Reality of Construction AR vs VR

Can augmented and virtual reality technologies foresee and eliminate costly project delays?
If you aren't already on the construction innovation band wagon, it's time to hop on or get left in the dust. The built world is finally on a path of innovation and technological change is ubiquitous, alongside the likes of other industries, even the tech giants. It's time for construction to catch up so we can harness the power of smart construction and do it all with less risk while producing superior assets.

The Power of Co-Mingles Data to More Effectively Manage Risk

The construction sector needs to be more effective in using multiple data sources to inform and enhance sector risk insights. By doing so, firms can enhance risk oversight and drive down insurance costs.

Strategies to Minimize the Impact of the Increasingly Expensive Construction Insurance Marketplace

Identifying and mitigating top project risks are construction firms' best opportunity to illustrate their risk management process to insurers and navigate a hard market.
Most stakeholders within the construction sector have likely noticed that the cost of insurance has gone up – in some cases significantly. This has no doubt been concerning especially when you consider the uncertain times we are all facing given the economic impacts of COVID-19.

Aon profiles construction technologies, providing an overview of the technology, its risk treatment potential and what insurance policies its implementation could impact.

Techs profiled include:
StrongArm Technologies | AOMS Technologies | Bridget | Bunker | WINT – Water Intelligence

To learn more

Global editorial board

David Bowcott
Global Director – Growth, Innovation & Insight
Aon Global Construction & Infrastructure Group
E: david.bowcott@aon.ca
P: 416-868-5909

Helena Fernandez de Bobadilla
EMEA Construction Industry Leader
Aon Global Construction & Infrastructure Group
E: helena.fernandezdebobadilla@aon.es
P: +34 913 405 048

Donais Deetz
Risk Analyst
Aon Global Construction & Infrastructure Group
E: donais.deetz@aon.com
P: +34 630 019 922

Click here to visit Aon's Global Construction & Infrastructure web page

About Aon Global Construction and Infrastructure

Aon's Global Construction & Infrastructure Group (GC&IG) provides leading, best-in-class advice and solutions on the topics of risk and people to the largest, global contractors and infrastructure investors on their most complex projects world-wide. By employing sophisticated and innovative risk management and risk finance solutions, we help our clients to create value from the risk in their projects.

About Aon

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

© Aon plc 2019. All rights reserved.
The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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