New safety regulation to address tall building risks post Grenfell

Pandemic creates warehousing boom

As COVID-19 boosts demand for online deliveries, the logistics sector is expanding its warehousing capacity and is set to implement multi-level properties in urban areas, following the lead of the likes of Singapore, Hong Kong and Taiwan.

Ensuring the safety of green roofs & walls

Green roofs and walls have many benefits although they can potentially increase the risk of fire and water ingress for buildings. Insurers do ask additional questions when developments include such features, however simple precautions and an adequate risk assessment can avoid any potential issues.

Contractors’ insolvencies increase risk in the construction sector

Construction projects rely deeply on the quality of the work delivered by contractors and subcontractors, whose insolvencies can severely impact a development and the insurance policies in place. Insurers are scrutinising construction projects more carefully also because the risk of insolvencies is on the rise.

COVID-19 leaves a mark on the construction sector

When COVID-19 hit, both insurers and the insured had to grapple with policy claims and whether a product responded to the crisis. It’s been a steep learning curve and it’s time to look at how some typical construction insurance policies have responded and how the insurance market may evolve post pandemic. This assessment is based on Lockton Singapore's experience but reflects developments happening in the sector globally.

Covid-19 shifts PropTech priorities for commercial real estate sector

The need for social distancing is shifting the focus on services and applications in the commercial real estate sector towards solutions that make staff feel safe when they finally return to the workplace. Employers are responsible for the protection of all workers in the gradual return to work.

Five trends transforming the commercial real estate sector amidst Covid-19

The coronavirus pandemic is changing the way businesses operate due to the need to enable social distancing. The commercial real estate and construction sector is no exception and will need to adapt together with its tenants and clients.

Construction insurance market tightens though sufficient capacity exists

While availability and terms and conditions of Professional Indemnity (PI) insurance protection as well as Construction All Risks (CAR) cover are affected by greater frequency and severity of claims, there is still significant capacity in the London construction market if managed and brokered correctly. Even pandemic cover may be available soon for construction projects.

Bringing buildings back to life after the COVID-19 lockdown

While the current COVID-19 pandemic has emptied city centres, life will eventually get back to normal.