Skylines have undergone a rapid evolution in Australia in recent years. During this period, trends affecting high-rise construction have changed as dramatically as the landscape itself.
Marsh has set out to identify the key risks surrounding the construction of high-rise buildings in urban areas and how costly losses and delays might be avoided.
This report covers key areas including:
- How factors such as the COVID-19 pandemic, ESG and cyber risks are impacting owners’ and developers’ plans
- How a tightening construction insurance market has made placements more challenging, particularly for complex projects and those involving extensive fit-out works to existing buildings
- An analysis of the Australian high-rise buildings pipeline
- A review of specific risks to high-rise buildings, including escaping water and fire risks, terrorism, rail, proximity to third parties, environmental liability and delay
