Construction costs rising: The insurance capacity challenge

Canada’s construction insurance market is heading into 2026 with pressure points that can’t be solved by pre-ordering materials: labor shortages, longer rebuild timelines, and the ripple effects of new construction methods. In this episode of the Construction Insurance Power Panel, industry leaders Chris McLean (Aon) and Colin Wight (Willis) break down what’s changing on the ground and what it means for builders’ risk, soft costs, DSU/indemnity periods, and pricing.

From tariff-driven cost escalation and supply-chain volatility to offsite manufacturing, robotics, and tighter underwriting expectations, the panel explains how brokers, contractors, and carriers can better document risk, share real project data, and keep coverage aligned with today’s realities—before the next loss turns into a costly coverage gap. Watch now on Insurance Business TV.