The construction industry is evolving at a fast pace. Several organizations are using innovative technology, pioneering methods, and new materials to respond to the challenges they’re facing, such as resource constraints, safety improvements, and becoming more efficient during the building process and beyond. New technologies and processes are also providing the industry with important data that helps identify risks and enables businesses to take preemptive action to address them.
In this episode of Risk in Context, Richard Gurney, the Global Head of Construction within Marsh Specialty, speaks with Cheri Hanes, Head of Construction Innovation and Sustainability at AXA XL, and Avi Khanna, Construction Innovation and Operational Excellence Leader for Marsh US. They discuss how groundbreaking technologies — such as connected devices, machines, and sensors — can help construction sites become safer and more efficient, and explore the various procurement and adoption factors that need to be considered. They also discuss how the data from new technologies can help underwriters price risk.