Across Asia, megaprojects are becoming larger, faster and more internationally complex – often involving compressed schedules, joint ventures, cross-border supply chains, evolving regulatory regimes and increasingly tight capital and insurance constraints. When these projects fail, the causes are rarely singular. Cost blowouts, structural defects, contractor or supplier insolvency and schedule collapse typically arise from a combination of interface risk, design maturity gaps, procurement and logistics disruption, workforce constraints, misaligned incentives and insufficient governance over systemic risk. The consequences extend well beyond construction loss, directly impacting financing structures, sponsor balance sheets, regulatory obligations and the performance of complex, layered insurance programs.

This session brings together senior risk leaders, insurers, brokers and construction executives to examine real-world megaproject failures relevant to the Asian market and to identify the risk decisions that shaped their outcomes. Through a risk and risk-transfer lens, panelists will explore how insurance programs respond under stress, where coverage and recovery commonly break down and how proactive risk strategies – embedded at the design, contracting and execution stages – can materially reduce loss severity. Attendees will gain practical insights into improving risk identification, strengthening contractual and insurance alignment, enhancing insurer confidence and deploying early-warning mechanisms that support better governance of megaproject risk across the region.