Specialist underwriting for construction and engineering risks
Construction & engineering insurance solutions
Navigating an evolving risk landscape
Construction and engineering projects are growing in scale and complexity. Supply chain pressures, evolving build methods, and the pace of infrastructure investment across Europe mean that risk profiles are rarely straightforward. Brokers need an underwriting partner with the experience and appetite to engage with that complexity.
Munich Re Specialty provides specialist capacity for construction risks that demand genuine technical depth. We work with brokers to deliver well-structured solutions, backed by risk management expertise and responsive claims handling, that provides protection for construction projects from groundbreak to handover.
Local expertise, global strength
Our teams operate from within the markets they serve, combining local expertise with the depth of a global organisation. When a loss occurs, our teams work closely with brokers and claims professionals to support an effective and technically informed response, helping clients recover as quickly as possible.
Our underwriting approach
Specialist appetite across construction, engineering and project-related risks
Structured participations and carefully considered capacity
Disciplined underwriting aligned with long-term performance
Close collaboration with brokers throughout the project lifecycle
Regional experts
Why choose Munich Re Specialty?
Expertise
Deep specialist knowledge across complex and technical lines, with underwriters who engage directly with the detail of each risk. We focus on risks where underwriting judgement and technical depth truly add value.
Stability
Consistent capacity and long-term market commitment, underpinned by the financial strength of Munich Re Group. Our approach prioritises sustainability and continuity across underwriting cycles.
Partnership
Accessible, straightforward to work with, and focused on building lasting relationships with the brokers and clients we serve. We work as a long-term underwriting partner, not just a capacity provider.
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Frequently Asked Questions
What is construction and engineering insurance?
Construction and engineering insurance protects against the physical and financial risks associated with building and infrastructure projects. It typically covers damage to works in progress, plant and equipment, third-party liability, and delays that affect project financing or completion.
What types of projects does construction insurance cover?
Cover can apply across a wide range of project types, from commercial and residential developments to large-scale infrastructure, renewable energy installations, and industrial construction. Each project carries its own risk profile and is considered on its own terms.
How does construction insurance differ from standard property insurance?
Construction insurance is designed specifically for the risks present during a build, including works under contract, temporary structures, and liability arising from construction activity. Standard property insurance typically covers completed structures rather than the construction process itself.
What is delay in start-up cover?
Delay in start-up (DSU) insurance, sometimes called advance loss of profits, protects project owners against financial losses arising from a delay to a project's completion date, where that delay is caused by an insured physical loss or damage event.
How do brokers work with Munich Re Specialty on construction risks?
Munich Re Specialty works exclusively through brokers and intermediaries. Brokers can approach our underwriting teams directly to discuss a risk, with early engagement encouraged for complex or high-value placements.
This page is for general informational purposes only and does not constitute an offer or solicitation of insurance. Product availability varies by market and is subject to underwriting acceptance.