Major infrastructure projects like bridges, airports and power
plants are increasingly being financed privately. Yet the risk
profile for these ‘delay-in
start-up’ or
‘advance loss of
profit’ covers have in recent years
undergone lasting change. In 2012, our colleagues in Corporate
Insurance Partner (CIP) Engineering worked together with
interantional primary insurers and reinsurers, brokers and
loss-adjusters to bring basic understanding of the nature and
function of insurance protection for delays in construction up to
the latest level.