Builders Risk Insurance Market Global Report 2026

The builders risk insurance market size has grown strongly in recent years. It will grow from $9.42 billion in 2025 to $10.08 billion in 2026 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rising global construction and infrastructure development activities, increasing frequency of extreme weather events impacting construction sites, growth in urbanization and real estate investments, expansion of insurance penetration in developing markets, increasing awareness of project risk management needs.

The builders risk insurance market size is expected to see strong growth in the next few years. It will grow to $13.31 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to expansion of smart construction monitoring and digital twin adoption, rising demand for climate-resilient infrastructure projects, increasing complexity of large-scale infrastructure financing and risk coverage, growth in sustainable and green building regulations, expansion of automated underwriting and AI-based insurance assessment systems. Major trends in the forecast period include increasing adoption of parametric insurance models for faster construction risk payouts, rising integration of digital risk assessment platforms for real-time project monitoring, growing demand for modular and prefabricated construction reducing exposure duration, expansion of climate risk modeling for construction site underwriting, increasing use of drone and remote sensing for construction site damage evaluation.

The increasing construction activities are expected to drive the growth of the builders risk insurance market going forward. Construction activities refer to the various processes involved in the planning, designing, development, and completion of buildings, infrastructure, and engineering projects. Construction activities are increasing due to rapid urbanization and infrastructure development, which are creating higher demand for residential properties, commercial spaces, and large-scale infrastructure projects. Builders risk insurance provides financial protection for buildings under construction and materials at construction sites against potential losses or damages caused by risks such as fire, theft, vandalism, and natural disasters, enabling contractors, property owners, and developers to reduce financial risks and maintain project continuity. For instance, in June 2025, according to Eurostat, a Luxembourg-based statistical office of the European Union, construction production increased by 3.0% in the euro area and by 2.5% in the EU in April 2025 compared with April 2024. Therefore, the increasing construction activities are driving the growth of the builders risk insurance market.

Major companies operating in the builders risk insurance market are focusing on developing digital insurance solutions, such as digital underwriting platforms, to provide faster, automated quoting and policy binding processes. Digital underwriting platforms are technology-enabled systems that automate and simplify insurance risk evaluation, pricing, and policy issuance through the use of data analytics and digital workflows. For instance, in February 2026, CRC Group, a US-based specialty insurance company, launched Starwind Property’s Builders Risk product to strengthen its construction insurance offerings through a fully digital underwriting platform. The solution enables rapid, automated quoting, binding, and policy issuance for construction projects valued up to $50 million. It utilizes advanced data analytics, geospatial intelligence, and standardized underwriting rules to streamline access to builders’ risk coverage while maintaining effective risk assessment. The platform also allows brokers and contractors to secure coverage more efficiently, supporting faster project completion and improved risk management throughout the construction lifecycle.

In April 2026, Arthur J. Gallagher & Co., a US-based provider of insurance brokerage, risk management, and consulting services, acquired Bridge Insurance Brokers Limited for an undisclosed amount. Through this acquisition, Gallagher aims to strengthen its commercial insurance presence in the UK’s real estate and construction sectors, expand its mid-market customer base, and enhance its specialized brokerage and risk advisory capabilities across property-focused industries. Bridge Insurance Brokers Limited is a UK-based commercial insurance brokerage provider specializing in real estate, construction, and corporate and private client insurance solutions.

Major companies operating in the builders risk insurance market report are Allianz SE, Zurich Insurance Group Ltd., Nationwide Mutual Insurance Company, Chubb Limited, Tokio Marine HCC, The Travelers Companies Inc., American International Group Inc., Sompo International Holdings Ltd., MAPFRE S.A., The Hartford Financial Services Group Inc., QBE Insurance Group Limited, CNA Financial Corporation, Everest Insurance, Arch Insurance Group Inc., HDI Global SE, The Cincinnati Insurance Company, AXA XL, Amwins Group Inc., Berkshire Hathaway Specialty Insurance Company, Builders Mutual Insurance Company, Liberty Mutual Insurance, Hanover Insurance Group, Markel Group Inc.

North America was the dominating region in the builders risk insurance market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the builders risk insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the builders risk insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The builders risk insurance market includes revenues earned by providing services such as risk assessment services, underwriting services, claims management services, policy customization services, project risk consulting services, and liability packages. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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