Aon plc has unveiled insights from its 2026 Global Construction Insurance and Surety Market Report, highlighting the resilience of construction activity in the Asia Pacific region. The report underscores the impact of sustained investments in digital infrastructure, which are reshaping construction risks and driving demand for insurance.
The report reveals that the construction insurance market remains growth-oriented, bolstered by abundant capacity and insurer ambitions. However, insurers are increasingly emphasising natural catastrophe exposure, project governance, and delay risks due to the growing scale and complexity of projects. Terence Williams, head of Commercial Risk in APAC for Aon, noted that “hyperscale data centres, battery and semiconductor plants are driving demand for higher-value, more complex builds.”
In markets like China and India, capacity remains robust and pricing competitive, whilst Japan faces pressure from regulatory developments and heightened natural catastrophe exposure. The report also highlights the emergence of technology-led construction as a significant growth area, with data centres and semiconductor plants requiring tailored underwriting approaches.
Vincent Banton, head of construction and infrastructure in Asia for Aon, stated, “Asia remains a region of opportunity but with increasing risk complexity.” Insurers are backing projects with strong governance frameworks, emphasising early engagement and disciplined risk management.
Additionally, the report notes steady growth in the Asia Pacific surety market, driven by infrastructure investment and regulatory capital requirements. Surety capacity is expanding, particularly outside Australia, positioning it as an attractive alternative to traditional bank guarantees.
