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iTWO Project Cost Insurance

The new BIM 5D technology ensures the project can progress in the smoothest possible way

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Until now, unplanned cost increases in the construction phase of a project were difficult to estimate and therefore uninsurable. But now, Munich Re, in collaboration with RIB Software, one of the leading technology providers of BIM 5D (building information modelling) and ERP solutions, has developed the world’s first IT-based insurance product for construction projects: iTWO Project Cost Insurance.
The solution is based on the iTWO 5D technology developed by RIB. iTWO 5D stands for model-oriented planning and construction with integrated cost and time controls. Among other things, the technology facilitates the virtual planning, simulation and monitoring of a construction project, and for the first time ever, makes it possible to provide insurance cover for additional cost in construction projects.

iTWO Project Cost Insurance - discover more

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