You may be familiar with the terms ‘InsurTech’, ‘FinTech’ and ‘RegTech’, but did you know that the construction industry has its own version – ‘Constructech’?
Although typically risk averse, the construction sector is now poised to take advantage of some of the latest emerging trends. As one of the least digitised industries, it needs to evolve or face the risk of being left behind. Fortunately, there are a number of areas where construction looks to be preparing for the future. In the brief below, we explore the following areas and the challenges that will arise.
- Building Information Modelling (BIM)
- Augmented and Virtual Reality
- Offsite Manufacturing and Construction
- Smart Materials
- Drones
View ‘The Future of Construction’ brief here:
If you wish to discuss any aspect of your construction related risks or insurance portfolio, please feel free to contact Rhys Grant on 02920 853766 or at rhys.grant@thomas-carroll.co.uk.
