2026 Global Construction Insurance and Surety Market Report

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2026 Global Construction Insurance and Surety Market Report

2026 Global Construction Insurance and Surety Market Report

As we move through 2026, the global construction industry continues to face persistent complexity. Yet there is genuine cause for optimism, with strong growth, increasingly favorable insurance conditions, and rising demand for resilient, data-driven infrastructure.
Key Takeaways:
  1. The global construction insurance market is no longer a pure hard market. The cycle turning toward softer pricing, greater competition for volume and rising capacity on major projects — while underwriting remains disciplined, particularly for natural catastrophe-exposed and complex risks.
  2. The global surety market is expected to grow about 5 percent annually over the coming years, with generally adequate capacity for strong credits and competitive rates in most major markets.
  3. Contractors and project owners can reduce risk by using data to choose projects, controlling schedules and costs, building climate resilience, and working with brokers who combine deep construction insight with up-to-date knowledge of global insurance and surety markets to design, structure and place programs that align with risk and reward objectives.
Quote icon

Our Global Construction Report harnesses the experience of our global construction team to provide current market insights so our clients are better equipped to manage risks wherever they operate in the world.”

James MacNeal
Global Leader, Construction and Infrastructure

Global natural disasters in 2025 generated elevated economic losses, underscoring the volatility construction stakeholders must manage. At the same time, accelerating investment in digital infrastructure, power generation and other critical assets continues to drive growth in both construction insurance and surety markets worldwide.

  • $260B

    Total estimated global economic losses from natural disasters in 2025. [1]

  • $33B

    The potential size of the global surety market by 2032 if current growth trends of approximately 5 percent annually continue. [2]

Inside the 2026 report, you’ll find:

  • A global view of construction insurance conditions and the turn away from a pure hard market
  • Regional snapshots for North America, EMEA, Asia Pacific and Latin America across key construction insurance and surety product lines
  • Detailed analysis of surety market dynamics, including capacity, pricing and growth hotspots
  • Insights on natural catastrophe and secondary peril trends — and how they are shaping construction property pricing, terms and underwriting expectations.
  • Practical guidance on securing coverage for large and complex projects, including key underwriting focus areas, timing considerations and information requirements
  • Watchlists of emerging risk themes affecting design, construction methods, long-tail liabilities and environmental exposures

Ready to Explore Further?

Download Our 2026 Global Construction Insurance and Surety Market Report

Although capacity is generally available for construction projects globally — particularly for large and complex projects — certain segments and geographies may experience higher rates, tighter terms or reduced availability due to natural catastrophe exposure, project complexity, or credit and counterparty risks. Our 2026 report provides a detailed view of these dynamics to help organizations anticipate shifts and secure optimal insurance and surety solutions.

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1 2026 Climate and Catastrophe Insight
2 Aon, 2026 Global Construction Insurance and Surety Market Report projection that the global surety market could reach approximately $33 billion by 2032, assuming a 5 percent annual growth rate.

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.