1、A business of Marsh McLennanConstruction market update 2025ForewordThe construction industry remains a cornerstone of economic development,driving infrastructure growth and shaping landscapes globally.As we continue to navigate a complex landscape marked by geopolitical uncertainty,dynamic technolog

2、ical advancements,evolving regulatory frameworks,and significant macroeconomic shifts,its important to remain informed about the latest trends and developments that are potentially shaping peers risk profiles,as well as the solutions being used to understand,measure and manage them.Marshs Constructi

3、on Market Update 2025 presents details of recent changes in both industries,with content split into seven regions;Asia,India,Middle East and Africa(IMEA),Europe,Latin America and Caribbean(LAC),Pacific,United Kingdom(UK),and the United States&Canada.For each section,we use GlobalDatas Global Constru

4、ction Outlook to 2029(Q1 2025)to explore annual construction output growth performances and projections,with planned governmental investments and initiatives as well as known and expected headwinds used as evidence for these carefully considered predictions.This analysis is followed in each chapter

5、with an insurance product breakdown,in which Marsh Construction specialists around the world have shared their local market understanding,reflecting on the changes they have witnessed during the past 12 to 16 months.Insights are grouped by product,with commentary including variations to premium,capa

6、city,and noticeable restrictions.On behalf of Marsh,we hope this report provides you with the perspectives and insights to help you and your organization make informed decisions regarding your risk management strategies and insurance needs with confidence.Please reach out to your Marsh representativ