2025 Global Construction Insurance and Surety Market Report

2025 Global Construction Insurance and Surety Market Report

2025 Global Construction Insurance and Surety Market Report

As we approach the second half of 2025, the mood across the evolving construction insurance market could be described as cautiously optimistic.
Key Takeaways:
  1. Overall, the construction insurance industry is in a softening cycle, with most product lines and geographies benefiting from more favorable conditions.
  2. Surety is a cost-effective alternative to bank guarantees, offering off-balance-sheet obligations and stable capacity and rates.
  3. Contractors can employ six strategies to manage risks head-on, thereby bolstering profitability and financial stability.
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Our global perspective and local knowledge have enabled us to create this detailed report, providing relevant and practical solutions for clients globally.

James MacNeal
Global Head, Construction and Infrastructure

Extreme weather-related events are increasing in frequency and severity, presenting challenges and growing risks for the construction industry. Increased investments in Infrastructure will continue to drive growth in the Surety market.

  • $380B

    Economic losses resulting from global natural disasters in 2024 [1]

  • $30B

    The predicted size of the global surety market by 2030 [2]

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Although there is generally adequate insurance capacity for construction projects globally, certain projects may experience higher rates and less availability due to risks associated with natural catastrophes.

1 Climate and Catastrophe Insight, Aon, 2025.
2 The global surety market is expected to continue on its current annual growth rate of around 5 percent in 2025 and over the next five years. Based on this trajectory, the size of the market could reach $30 billion by 2030.

General Disclaimer
The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.